Monday, September 25, 2006

30-year mortgage rates drop to lowest level since March

30-year mortgage rates drop to lowest level since March

Rates on 30-year mortgages fell this week to the lowest level in six months, offering support to the sagging home market. Mortgage giant Freddie Mac said Thursday that 30-year, fixed-rate mortgages dipped to 6.40 percent this week, down from 6.43 percent last week.


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