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Archive Home > 2009 > March > 22 > Mortgage rates sink, likely to fall further

Mortgage rates sink, likely to fall further


March 22, 2009

Rates on 30-year mortgages plunged last week to the lowest level since January and may fall further after the Federal Reserve launched a new effort to prop up the flailing housing market. Mortgage finance giant Freddie Mac said average rates on 30-year fixed-rate mortgages dropped to 4.98....

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