Mortgage Rates Drop Below 6%

WASHINGTON - Rates on 30-year mortgages fell below 6 percent this week, recording the first decline in three weeks.

Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed rate mortgages averaged 5.94 percent this week, down from 6.10 percent last week. It marked the first decline since rates fell on Sept. 18 to 5.78 percent, a seven-month low.

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