Rates on ARM loans set new lows

Fixed-rate mortgages also near bottom for 5th straight week

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Adjustable-rate mortgage loans hit new lows this week and fixed-rate mortgages remained near historic lows for a fifth consecutive week, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey.

Looking back a week, a separate survey by the Mortgage Bankers Association showed demand for purchase loans falling by a seasonally adjusted 0.8 percent from the week before.