Industry News

Mortgage rates plunge to near-record lows

Lenders await new boom in refinancings
Published on Mar 11, 2004

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by CareyBot

Mortgage rates fell significantly this week on the heels of the bleak U.S. employment report released on Friday, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate. In Freddie Mac’s weekly survey, the 30-year fixed-rate mortgage averaged 5.41 ...