Thursday, February 19, 2009

U.S. mortgage rates drop toward record low: Freddie

Thursday February 19, 2009, 11:27 am EST

NEW YORK (Reuters) - Interest rates on standard U.S. 30-year mortgages dropped in the latest week to levels just shy of record lows as concerns of a deepening recession boosted the appeal of fixed-rate investments, Freddie Mac said on Thursday.

The average fixed 30-year mortgage rate declined to 5.04 percent in the week ending Thursday, from 5.16 percent in the previous period, Freddie Mac said in a statement. That was close to the 4.96 percent reached in mid-January, which was the lowest rate since Freddie Mac began its survey in 1971.

http://finance.yahoo.com/news/US-mortgage-rates-drop-toward-rb-14412861.html
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