Mortgage rates rise on bailout news

BRIGHT BULB: While pundits continue to debate the merits of the government bailout of Fannie Mae and Freddie Mac, it has
already produced one positive result for some homeowners and buyers in the form of lower mortage rates.

The average interest rate for a 30-year fixed-rate mortgage dropped 0.3 percent to 6.04 percent on Monday and is expected to fall a little more in coming weeks.

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