Industry News

Mortgage rates plunge to 7-month lows

Lack of inflation pushes 30-year fixed down to 5.58%
Published on Feb 19, 2004

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by CareyBot

Mortgage interest rates this week fell to lows not seen since July, as job market woes and the declining dollar highlighted the vulnerability of the U.S. economy, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate. In Freddie ...