Industry NewsMortgage

Little pressure on mortgage rates

Flagging recovery keeps rates near record lows
Published on Sep 23, 2010

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by CareyBot

With signs emerging that the economic recovery is slowing, mortgage rates continue to hover at or near record lows and demand for purchase loans remains weak, surveys by the Mortgage Bankers Association and Freddie Mac show.

Rates on 30-year fixed-rate mortgages averaged 4.37 percent with an average 0.7 point for the week ...

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