Industry News

Mortgage rates dip on weak economic reports

Jobs, tighter credit on prime loans bring sobering news
Published on Feb 7, 2008

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by CareyBot

Mortgage rates fell slightly this week on news of job losses in December and deteriorating business conditions in January, Freddie Mac reported today. The average rate on 30-year fixed mortgages sank to 5.67 percent from last week’s 5.68 percent, and ...