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Freddie Mac reports a drop in the 30-year fixed mortgage rate to 6.47 percent during the week ended Aug. 21, down from 6.52 percent during the prior three weeks. Meanwhile, the 15-year fixed mortgage rate slipped to 6 percent from 6.07 percent a week ago. Over the same period, the five-year adjustable mortgage rate fell to 5.99 percent from 6.02 percent, and the one-year ARM rose to 5.29 percent from 5.18 percent.

[SOURCES: Freddie Mac; Information, Inc.]