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Morgage Interest Rates Continue Historic Lows

MORTGAGE RATESInterest rates September 2008

· Interest rates continue to remain near their historic lows. Thirty-year, fixed-mortgage interest rates averaged 6.04 percent during September 2008, compared with 6.38 percent in September 2007, according to Freddie Mac.

· Adjustable-mortgage interest rates averaged 5.14 percent in September 2008, compared with 5.66 percent in September 2007.

Posted Wednesday Nov 12