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US: Mortgage rates drop

Posted on 22 August 2011

Mortgage rates in the U.S. continued their decline over the past week, hitting new lows amid concerns about the economic outlook in the U.S. and fallout from Europe’s sovereign-debt problems, according to Freddie Mac’s weekly survey of mortgage rates.
Refinancings averaged about 70% of all mortgage activity in the first half of the year, as homeowners took advantage of low rates, according to Freddie Mac……………………………………….Full Article: Source

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