Industry News

Mortgage rates in 4-week freefall

Another Fed hike considered a '50-50' chance
Published on Aug 17, 2006

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by CareyBot

Mortgage rates declined for the fourth straight week on news of disappointing home construction and a slowing economy, according to Freddie Mac’s weekly mortgage survey. In Freddie Mac’s survey, the 30-year fixed-rate mortgage dipped to an average 6.52 percent this ...