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Obama got discount on home loan

Democratic presidential candidate Sen. Barack Obama got a discount on the $1.32 million loan for his Chicago mansion, obtaining an interest rate of 5.625 percent on the 30-year fixed-rate mortgage, below the average for such loans at the time in Chicago. Washington Post investigative reporter Joe Stephens found that, compared with the average terms offered at the time in Chicago, Obama's rate could have saved him more than $300 per month.

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