Friday, August 13, 2010

MORTGAGE RATES HIT RECORD LOWS AGAIN

- From the LA Times: For solid borrowers paying 0.7% of the loan balance in upfront fees and
points, the offering rate for a 30-year fixed-rate home loan averaged
4.44% for the week ending Thursday, said Freddie Mac,
the giant government-supported mortgage buyer and generator of mortgage
securities. That compared with 4.49% a week ago and 5.29% a year earlier.

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