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Wednesday, September 29, 2004
Average Mortgage Rates As of Sept. 29 NORTH PALM BEACH, Fla. - Average mortgage rates for single-family homes in the 10 largest metropolitan areas as of Sept. 29 as compiled by bankrate.com. The rates are for 30-year, fixed-rate mortgages for 80 percent of the value of the house. A point is a one-time fee equaling one percent of mortgage. Sep. 29 Prev. Wk percent+points Boston 5.84 + 0.00 5.83 + 0.00 Chicago 5.84 + 0.06 5.78 + 0.01 Dallas 5.76 + 0.51 5.68 + 0.56 Detroit 5.69 + 0.25 5.63 + 0.38 Houston 5.71 + 0.80 5.66 + 0.68 Los Angeles 5.77 + 0.60 5.72 + 0.59 New York 5.75 + 0.06 5.73 + 0.10 Philadelphia 5.76 + 0.29 5.71 + 0.31 San Francisco 5.78 + 0.37 5.75 + 0.40 DC Metro 5.62 + 0.66 5.61 + 0.61 National Avg 5.75 + 0.36 5.71 + 0.36 ___ NORTH PALM BEACH, Fla. (AP) — bankrate.com's national average for a variable rate new 1-year adjustable mortgage, based on a 30-year loan for 80 percent of the value of a single-family house. Sep. 29 Prev. Wk percent+points Average 4.21 +0.24 4.21 +0.27 |
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