Industry News

Fixed mortgage rates cool

30-year slips to average 6.21% in Freddie Mac survey
Published on Jul 1, 2004

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by CareyBot

Long-term mortgage rates inched lower this week, remaining mostly undisturbed by yesterday’s quarter-percentage-point hike in the federal funds rate, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate. In Freddie Mac’s weekly survey, the 30-year fixed-rate mortgage averaged ...

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