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April 9, 1999

Mortgage rates hold below 7 percent

WASHINGTON (AP) -- The average interest rate on 30-year fixed-rate mortgages declined slightly this week, holding under 7 percent for the third consecutive week.

The average was 6.92 percent, down from 6.98 percent the two previous weeks, the mortgage company Freddie Mac said Thursday. So far this year, rates have fluctated between 6.74 percent at the end of January and 7.11 percent in mid-March.


 
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