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FRIDAY, NOVEMBER 27, 2009
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Plummeting Mortgage Rates Near Record Low

Rate for 30-year mortgage again below 5%

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(Newser) – Interest rates for fixed-rate mortgages decreased this week, with the rate for a 30-year mortgage falling 0.05% to an average 4.98%, near January’s record low of 4.96%, MarketWatch reports. Thirty- and 15-year mortgage rates are down nearly a full percentage point from a year ago. The fall in rates comes a day after the Fed announced it would buy Treasuries to depress lending costs.

In this May 2, 2007 file photo, the Fannie Mae building in Washington is seen.
In this May 2, 2007 file photo, the Fannie Mae building in Washington is seen.   (AP Photo/Manuel Balce Ceneta, File)
Federal Reserve Chairman Ben Bernanke speaks about reforming the U.S. bank regulatory system in light of the global financial crisis, Tuesday, March 10, 2009, at the Council on Foreign Relations, in Washington.
Federal Reserve Chairman Ben Bernanke speaks about reforming the U.S. bank regulatory system in light of the global financial crisis, Tuesday, March 10, 2009, at the Council on Foreign Relations, in Washington.   (AP Photo/J. Scott Applewhite)
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radnip
Mar 20, 09 5:57 AM CDT
All at least 80-20 mortgages right? or at least 70-30 mortgages, right? Reply
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