commercial loan news

January 14, 2008

30-Year Fixed Rate Mortgage’s At Lowest Point In Over Two Years

SOURCE: Market Watch

Freddie Mac says 30-year fixed rate is the lowest since September 2005.

More bad news brings another drop in mortgage rates causing more homeowners to refinance.

Recent indicators showing weak economic conditions caused mortgage rates to drop yet again this week. The rate on a 30-year fixed mortgage is averaging 5.87%.

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