Industry News

Mortgage rates end week lower

Economist: Housing to be 'a longer drag on economy'
Published on Jun 21, 2007

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by CareyBot

Long-term mortgages rates dipped this week as weak home-builder optimism and lower housing starts took pressure off inflation, Freddie Mac and Bankrate.com reported today. In Freddie Mac’s survey, the 30-year fixed-rate mortgage sank to an average 6.69 percent from 6.74 ...

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