Industry News

Housing woes send mortgage rates lower

Markets await Fed's next move
Published on Jun 28, 2007

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by CareyBot

Long-term mortgage rates continued to fall this week as problems in the subprime market forced investors to seek more stable securities, driving up bond prices and lowering yields, Freddie Mac and Bankrate.com reported today. In Freddie Mac’s survey, the 30-year fixed-rate ...

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