Industry News

Weak job growth brings lower mortgage rates

Story's different for jumbo, adjustable loans, surveys find
Published on Aug 9, 2007

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by CareyBot

Long-term mortgage rates fell again this week mostly on news of disappointing job growth and an increase in jobless claims, Freddie Mac and reported today. In Freddie Mac’s survey, the 30-year fixed-rate mortgage sank to an average 6.59 percent ...