Industry News

Mortgage rates fall to 4-month low

30-year fixed averages 5.85% in Freddie Mac survey
Published on Aug 12, 2004

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by CareyBot

Mortgage rates dropped further below 6 percent this week as weak job growth hinted at economic stagnation, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate. In Freddie Mac’s weekly survey, the 30-year fixed-rate mortgage averaged 5.85 percent, ...

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