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by CareyBot

Mortgage interest rates this week fell to lows not seen since July, as job market woes and the declining dollar highlighted the vulnerability of the U.S. economy, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate. In Freddie Mac's weekly survey, the 30-year fixed-rate mortgage averaged 5.58 percent for the week ended today, down from 5.66 percent last week. This is the lowest the 30-year fixed-rate mortgage has been since the week ending July 11, 2003, when it was 5.52 percent. The average for the 15-year fixed-rate mortgage this week is 4.87 percent, down from last week's average of 4.96 percent. This is the lowest the 15-year fixed-rate mortgage has been since the week ending July 11, 2003, when it was 4.85 percent. Points on both the 30- and 15-year averaged ...