Industry News

Jobs report pushes mortgage rates lower

30-year fixed drops to an average 5.74%
Published on Oct 14, 2004

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by CareyBot

Mortgage rates dropped this week after the release of September’s disappointing employment report, according to the latest survey conducted by mortgage buyer Freddie Mac. In Freddie Mac’s weekly survey, the 30-year fixed-rate mortgage averaged 5.74 percent for the week ended ...