Saturday, September 19, 2009

Mortgage Rates at Three-Month Low

Once again, borrowers are getting home loan rates of 5 percent or lower. Mortgage company Freddie Mac said average rates for 30-year mortgages declined slightly to 5.04 percent in the week that ended Sept. 17. That's the lowest average since the end of May and about three-quarters of 1 percent lower than one year ago. Read more here.

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