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Real Estate Briefing - Categorized | Market Moves, Mortgage more

Mortgage rates hit another low, but demand stays soft

Posted on 15 September 2011

Mortgage rates hit their lowest level recorded in the history of the Mortgage Bankers Association’s weekly rate survey, but mortgage activity remains muted, the trade group said Wednesday.
The average 30-year fixed-rate mortgage fell to 4.17% last week, down from 4.23% one week earlier. That’s the lowest since the MBA began its survey in 1990. Rates have been near 60-year lows for the last several weeks. The MBA’s previous low of 4.21% was set in October 2010……………………………………….Full Article: Source


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