Industry News

Fixed mortgages plunge to 10-week lows

June job gloom keeps lid on interest rates
Published on Jul 8, 2004

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by CareyBot

Mortgage rates this week fell to lows not seen since April after news of last month’s disappointing job growth, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate. In Freddie Mac’s weekly survey, the 30-year fixed-rate mortgage averaged ...