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Nashville Mortgage News for 7-25-2011

Freddie Mac reports only slight movement in mortgage interest rates. The 30-year fixed rate nudged up to 4.52 percent last week from 4.51 percent, compared to 4.56 percent a year ago; and the 15-year fixed rate bumped up to 3.66 percent from 3.65 percent a week earlier, compared with 4.03 percent a year earlier.

The five-year adjustable-rate mortgage slipped to 3.27 percent from 3.29 percent a week earlier and from 3.79 percent last year; while one-year ARMs moved up to 2.97 percent from 2.95 percent the prior week but fell from 3.70 percent a year ago.

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Published Monday, July 25, 2011 4:00 PM by The Brewer Team

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