Tag Archive | "mortgage rates"

Mortgage Rates Fall to New Low

Thursday, December 3, 2009

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Long-term mortgage rates fell to a new low this week, with a 30-year fixed-rate mortgage averaging 4.71 percent in the week ending Dec. 3, the lowest rate since at least 1971, when Freddie Mac started keeping track. A year ago, 30-year fixed-rate mortgages averaged 5.53 percent. For homeowners who can afford a higher monthly payment, 15-year fixed-rate [...]

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