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US mortgage rates drop 1/4 point Friday - BestInfo

Fri Dec 28, 2007 1:58pm EST

NEW YORK, Dec 28 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points fell by 1/4 percentage point to 6-1/8 percent on Friday, according to BestInfo Inc.

Bonds

The 30-year mortgage rate with one upfront point dropped by 1/4 percentage point to 5-7/8 percent.

The 30-year mortgage rate with two upfront points also declined by 1/4 percentage point, to 5-5/8 percent.

The Mortgage Point Monitor is provided exclusively to Reuters by BestInfo, Inc., a Dover, Vermont-based provider of mortgage market analysis. (Reporting by Lynn Adler; Editing by Diane Craft)

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