Industry News

Weekly mortgage rates retreat on waning inflation threat

Lower rates could stimulate housing activity
Published on Nov 16, 2006

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by CareyBot

Mortgage rates declined this week on waning inflation threats and worries of more Federal Reserve rate hikes on the backburner, according to surveys from mortgage buyer Freddie Mac and Bankrate. Rates on the 30-year fixed-rate mortgage averaged 6.24 percent with ...