13 August 2010
Summary Box: Mortgage rates sink to 4.44 PCT.
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RATES HIT NEW LOWS: The average rate on a 30-year fixed mortgage hit 4.44 percent this week, mortgage buyer Freddie Mac said. Growing pessimism over the economic recovery pushed rates to the lowest level in decades for the seventh time in eight weeks http://radiologydegreeonline.net/cardiovascular-technicians/.
LOWER RATES AVAILABLE: Some borrowers have been able to get rates as low as 4 percent after paying upfront fees known as points.
LITTLE HOUSING MARKET IMPACT: Cheap rates have done little to boost the struggling housing market, as home sales have plunged over the summer.
Summary Box: Mortgage rates sink to 4.44 pct.
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