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Archive Home > 2008 > December > 25 > Mortgage rates fall to new record low

Mortgage rates fall to new record low


December 25, 2008

WASHINGTON — Rates on 30-year fixed-rate mortgages fell to a record low for the second consecutive week, causing refinancing applications to surge to the highest level in more than five years, a month after the Federal Reserve pledged to channel billions to prop up the sinking U.S.....

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