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by CareyBot

Long-term mortgage rates slipped for the second straight week on news that inflation is now less of a threat, according to the latest surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac's survey, the 30-year fixed-rate mortgage averaged 6.32 percent for the week ended today, down from last week's average of 6.34 percent. The average for the 15-year fixed loan is 5.97 percent, down slightly from last week's average of 5.98 percent. Points on both the 30- and 15-year averaged 0.6. The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 5.96 percent this week, with an average 0.7 point, up from last week when it averaged 5.93 percent. The one-year Treasury-indexed ARM averaged 5.41 percent, with an average 0.7 point, up from last week when it averaged 5.37 perce...