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Archive Home > 2009 > March > 20 > Mortgage rates fall below 5 percent

Mortgage rates fall below 5 percent


March 20, 2009

Rates for 30-year mortgages dropped below 5 percent Thursday, in some cases well below, after the Federal Reserve this week unveiled another effort to revive the nation’s housing market by purchasing an additional $750 billion of mortgage-related securities to drive down rates. Some....

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