Industry News

Katrina puts scare into real estate rates

30-year fixed falls to 6-week low
Published on Sep 1, 2005

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by CareyBot

Long-term mortgage rates dropped for the third consecutive week, as increasing oil and gas prices created economic uncertainty, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac’s survey, the 30-year fixed-rate mortgage averaged 5.71 percent for the ...

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