Thursday, November 24, 2005

Mortgage rates drop sharply

This is from the associated press. Even with this weeks drop in interest rate there were no news stories discusing why rates are as low as they are. As of today the Fed Rate is at 4 basis points.

According to Freddie Mac, mortgage rates around the country dropped sharply this week. The mortgage giant's survey found that 30-year, fixed-rate mortgages averaged six-point-28 percent.

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