Industry News

Job-market woes push mortgage rates lower

30-year fixed holds below 6% for fifth consecutive week
Published on Sep 2, 2004

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by CareyBot

Mortgage rates sank this week in response to a sharp drop in consumer confidence for August, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate. In Freddie Mac’s weekly survey, the 30-year fixed-rate mortgage averaged 5.77 percent, with ...

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