Industry News

Average rates on 30-year fixed loans drop below 6%

Applications for refinancings up sharply
Published on Dec 5, 2007

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by CareyBot

Mortgage applications for the week ending Nov. 30 were up 22.5 percent from a week earlier, the Mortgage Bankers Association said today, as interest rates on 30-year fixed-rate mortgages fell below 6 percent and loan refinancings rose dramatically. The average ...