Industry News

Mortgage rates drop swiftly this week

Borrowers facing resetting rates hope lull will offer refi opportunity
Published on Sep 13, 2007

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by CareyBot

Long-term mortgage rates dropped considerably this week following the release of August’s dismal employment report, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac’s survey, the rate on 30-year fixed-rate mortgages fell to an average 6.31 percent ...

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