26 August 2006 02:15
Homeowners rush into fixed-rate mortgages
Yesterday I wrote about interest rates for 30 year fixed mortgages dropping for four weeks in a row. Lo and behold the public has noticed:
Mortgage Rates Drop for 5th Straight Week
It’s official. Interest rates are on their way down. Freddie Mac’s report is a lagging indicator as most customers don’t know that they can expect a lower rate than they are being offered
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