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 Bankrate.com. In Freddie Mac’s survey, the 30-year fixed-rate mortgage dropped to an average 6.63 percent this week, ...

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