Industry News

Mortgage rates drop to six-month lows

'Lackluster' labor report depresses financial markets, keeps Fed wary
Published on Jan 15, 2004

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by CareyBot

Mortgage rates plunged this week in response to virtually nonexistent job growth reported for December, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate. In Freddie Mac’s weekly survey, the 30-year fixed-rate mortgage averaged 5.66 percent, with an ...