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Mortgage rates down

10/26/08 21:19

Good news for mortgage holders: mortgage interest rates for most fixed-term loans went down last week after a large jump the prior week.

According to mortgage finance firm Freddie Mac, this is due to a tamer inflation rate and a weaker housing market. Naturally, new house building rates are also significantly down.

Link: Mortgage rates down from prior week's spike - Oct. 23, 2008

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