Freddie Mac: Mortgage rates take short dip
July 2nd, 2009
Rising mortgage rates reversed course this week, with long-term rates falling slightly. Freddie Mac's weekly report says 30-year fixed-rate mortgages averaged 5.32 percent this week, down from last week's average of 5.42 percent. A year ago, 30-year mortgages were averaging 6.35 percent, although rates fell below 5 percent earlier this year. (FRE)
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