Posted on November 7, 2012 - 09:02 AM
by Inman News
Mortgage rates stayed in the basement this week, as mortgage-backed securities that fund the vast majority of home loans continued to look like a safe bet to investors.
Rates on 30-year fixed-rate mortgages averaged 3.39 percent with an average 0.7 point for the week ending Nov. 1, down from 3.41 percent last week and 4.00 percent a year ago, Freddie Mac said in releasing the results of its latestPrimary Mortgage Market Survey. Rates for 30-year fixed-rate loans hit an all-time low in Freddie (Read more)...
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