Industry News

Falling oil prices stabilize real estate rates

Katrina's destruction poised to slow economy
Published on Sep 8, 2005

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by CareyBot

Long-term mortgage rates held steady this week as oil prices dropped, 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 week ended today, unchanged from last week. ...

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