Thursday, November 13, 2008

Mortgage rates down




Mortgage rates down for 2nd week
Freddie Mac cites weakening economy for easing of long-term rates.

Rates for 30-year fixed-rate mortgages have been at 6% or higher for five consecutive weeks. Between the week of Oct. 9 and Oct. 16, the 30-year fixed-rate mortgage posted its biggest weekly jump since April 1987, rising from 5.94% to 6.46%

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