ADV: Mortgage Rates Drop to 6-month Low
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Mortgage rates edged lower as a weak employment report pointed to a softer economy, Freddie Mac reported Thursday.
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Mortgage rates dropped this week amid a still struggling economy, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate.
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New applications for U.S. home loans fell last week as 30-year mortgage rates declined to their lowest level since late March, an industry group said on Wednesday.
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WASHINGTON - Interest rates on short-term Treasury bills fell in auction yesterday with six-month bills falling to the lowest level since late August.
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Investor's Business Daily - The 30-year fixed rate averaged 5.48% for the week ended Jan. 24, down from 5.69% last week, as the Federal Reserve slashed key lending rates and the housing market weakened further, Freddie Mac said. It was the lowest rate since March 2004. The 15-year fixed rate dived 26 ticks to 4.95%. The 1-year Treasury-tied adjustable rate plunged 27 ticks to 4.99%.
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Long-term U.S. mortgage rates fell this week to their lowest levels since January, according to a report released today, but the chief economist for government-backed mortgage company Freddie Mac said rates may soon be heading back up.
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Mortgage rates around the country crept up this week, although 30-year mortgages still were below the 6 percent level for a fourth straight week, Freddie Mac reported Thursday.
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Business & money: The number of new mortgage approvals fell to its lowest level in over two years in September.
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Mortgage rates around the country went up last week, although 30-year mortgages still were below 6 percent for a sixth straight week.
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Average interest rates for U.S.  mortgages dropped for the fourth week in a row, to levels not  seen since the beginning of the year, according to a survey  released by finance company Freddie Mac  on Thursday.
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WASHINGTON -- Pending sales of existing homes fell in July to the lowest level in nearly six years as the mortgage market's troubles made it tough for many borrowers to finalize home purchases.
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