Industry NewsMortgage

30-year fixed rate below 5% again

Demand for mortgages slips
Published on Oct 1, 2009

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by CareyBot

Rates on 30-year fixed-rate mortgages for borrowers with good credit fell below 5 percent this week for the first time since May, Freddie Mac said in releasing the results of its Primary Mortgage Market Survey.

But demand for mortgages was down slightly last week, the Mortgage Bankers Association said in another survey.