Industry News

Oil prices sink mortgage rates

But relief more a fluctuation than a trend
Published on Aug 18, 2005

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by CareyBot

Long-term mortgage rates fell this week as high oil prices and weak retail sales hinted at possible economic weakness, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac’s survey, the 30-year fixed-rate mortgage averaged 5.8 percent for ...

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