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Second Large Mortgage Rate Drop

Mortgage News Daily has reported another huge drop in their 30 Year Mortgage Index.  This was a .34% drop over night between November 30th and December 1st.  This is a total drop of .93% since November 9th, just 13 business days before December 1st.  Mortgage News Daily has their current average rate at 6.29%, Mortgage Bankers Association is at 6.67%, and Freddie Mac is at 6.49%.

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