Industry News

Mortgage rates fall on weak economic news

30-year fixed expected to stay below 7% this year
Published on Aug 3, 2006

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by CareyBot

Mortgage rates fell for the second consecutive week as slower economic growth eased inflation concerns, according to surveys conducted by Freddie Mac and In Freddie Mac’s survey, the 30-year fixed-rate mortgage dropped to an average 6.63 percent this week, ...