Industry NewsMortgage

Low rates sparking demand for mortgages

Home loan rates hovering near historic lows
Published on Nov 10, 2011

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Mortgage rates were little changed this week amid mixed economic reports, Freddie Mac said in releasing the results of its weekly survey of lenders.

A separate survey by the Mortgage Bankers Association showed demand for both purchase mortgages and refinancings jumped last week, with many homeowners moving into 15-year loans as rates stayed near historic lows.

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