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Friday, April 3, 2009

A Record Low for Mortgage Rates, Again

From Realtor Magazine Online, Daily Real Estate News April 3, 2009

Just one week after 30-year mortgage rates fell to a record low of 4.85 percent, the average dropped even further to 4.78 percent this week, Freddie Mac reported.

Refinancing activity has picked up because of the low rates, and the Mortgage Bankers Association says approximately 80 percent of mortgage applications came from borrowers seeking to refinance.

Source: Boston Globe (04/03/09)
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