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Weekly Mortgage Rates
  30 Year Fixed 5.00 %
  15 Year Fixed 4.36 %
  1 Year ARM 4.07 %
Freddie Mac Natl. Avg.
Updated 5/6/2010

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Graduated-payment mortgage GPM)A mortgage that requires a borrower to make larger monthly payments over the term of the loan. The payment is unusually low for the first few years but gradually rises until year three or fivethen remains fixed.
 


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