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* The average 30-year fixed mortgage rate fell to 6.30% last week from 6.34% the week before, the first drop in two months, according to Freddie Mac. The 15-year fixed rate fell to 5.67% from 5.72%. The one-year adjustable average rose to 3.99% from 3.90%, its seventh straight increase.
* The Mortgage Bankers Assn. revised its forecast for 2004 mortgage originations to $2.4 trillion down from April’s estimate of $2.6 trillion. The trade group said rising interest rates will cut into refinancing this year but home sales will remain strong.
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