Rates on most mortgages eligible for purchase or guarantee by Freddie Mac fell slightly this week, remaining well below 5 percent for borrowers with good credit and sizeable down payments.

The 30-year fixed-rate mortgage (FRM) averaged 4.82 percent with an average 0.6 point for the week ending April 16, 2009, down from 4.87 percent last week and 5.88 percent a year ago, Freddie Mac said in releasing results of its weekly rate survey.

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