05.09.2011 - US: Mortgage rates hover near all-time lows

Mortgage rates in the U.S. remained at or near historic lows over the past week amid weak signals from the economy and the housing market, according to Freddie Mac's survey of mortgage rates. Freddie Mac Chief Economist Frank Nothaft said the stiff decline in August consumer confidence and a downward revision to U.S. second-quarter economic growth helped ease upward pressure on mortgage rates..............................................Full Article: Source

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