Friday, August 26, 2005

30-year rates dip again; housing boom continues

30-year rates dip again; housing boom continues: "Rates on 30-year mortgages declined for a second straight week as low mortgages continued to fuel the country's housing boom.
Mortgage giant Freddie Mac reported Thursday that rates on 30-year, fixed-rate mortgages fell to a nationwide average of 5.77% this week, down from last week's 5.80%. Rates have fallen for two weeks after hitting a four-month high of 5.89% the week of Aug. 11."
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