Industry News

Home prices fall, mortgage rates follow

30- and 15-year loans hit 6-month lows
Published on Sep 28, 2006

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by CareyBot

Mortgage rates fell further this week to lows not seen since March on news that home prices are down from year-ago levels, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac’s survey, the 30-year fixed-rate mortgage dropped ...

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