Industry News

Mortgage rates fall to 6-month lows

Weak economy, low inflation keep 30-year average at 5.7%
Published on Sep 23, 2004

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by CareyBot

Mortgage rates dropped for the second consecutive week to lows not seen since late March, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate. In Freddie Mac’s weekly survey, the 30-year fixed-rate mortgage averaged 5.7 percent for the ...