Boon to borrowers: Mortgage rates fall to 5 percent (The State)

Story date: 2009-01-09 11:16:09
Added on: 2009-01-10 00:02:36

The Federal Reserve’s plan to coax mortgage rates lower is working: rates on 30-year fixed loans fell for the 10th consecutive week to the lowest levels in decades, according to a recent Freddie Mac survey. What is not clear, however, is whether rates are attractive enough to lure a significant number of home buyers back into the ailing housing market. Interest rates on conforming mortgages ...


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