Refinancers can reap record rates
Record-low interest rates for mortgage loans have convinced some people to refinance or buy a home, according to local mortgage experts. But the opportunity to take advantage of new rates isn’t open to all. Last week the average 30-year home-mortgage rate fell to 4.44 percent, the lowest average since Freddie Mac began tracking rates in 1971.
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Mortgage rates hit 4.44 pct. as economy sours
Growing pessimism over the weak economic recovery pushed mortgage rates to the lowest level in decades for the seventh time in eight weeks. The average rate on a 30-year fixed mortgage hit 4.44 percent this week, mortgage buyer Freddie Mac said Thursday. And… Freddie Mac – Mortgage – Business – Financial Services – United States
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Mortgage rates sink
By ALAN ZIBEL AP Real Estate Writer WASHINGTON (AP) — Mortgage rates sank to the lowest level in decades this week, pushed down by the Federal Reserve’s move to buy up government debt to help lift the economic recovery.
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