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Mortgage rates nearly stable

May 9, 2008

Thirty-year fixed-rate mortgages averaged 6.05 percent this week, down 0.01 percent from last week, mortgage giant Freddie Mac reported Thursday. Other rates included: 15-year, fixed-rate, up 0.01 percent to 5.60 percent; five-year adjustable-rate, down 0.06 percent to 5.67 percent, and one-year ARMs, unchanged for a third straight week at 5.29 percent.

Contributing: AP

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