Now is the Time for Mortgage Refinancing!
November 2nd, 2007 at 11:18am Under 30 year mortgage+ fixed rate mortgage+ foreclosure+ mortgage refinancing
This is such welcome news, regarding mortgage refinancing, that we decided to publish the article in full. Here it is:
30-Year Mortgage Rates Fall Sharply
By MARTIN CRUTSINGER
WASHINGTON (AP) — Rates on 30-year mortgages fell to the lowest level in five months as evidence mounted that the economy is slowing down.
Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.26 percent this week, down from 6.33 percent last week. It was the lowest level since 30-year mortgages were at 6.21 percent the week of May 17.
Analysts attributed this week’s decline to further evidence that the steep slump in housing is getting worse and other parts of the economy are slowing as well.
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