For the second week in a row, rates on 30-year fixed-rate mortgages fell; this week to an average of 6.14 percent, in what experts are calling an indication of increasing concern over ever-weakening financial conditions. It is anticipated that the Federal Reserve will announce even further cuts at the year’s final meeting in December. While rates on all other types of mortgages fell this week, 1-year adjustable-rate loans showed a small increase.
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