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June 10, 2005
14 Month Low for 30 Year Mortgages
The Associated Press this week announced that rates on 30-year mortgages fell to their lowest point since the spring of 2004. 30-year fixed-rate mortgages were down to an averaged 5.56 percent, stated loan giant Freddie Mac.
Experts say the rate drops are tied to last week's weak jobs report, but should continue to keep real estate sales on their current strong clip.
For more information, read the AP article on STLtoday.com here:
http://www.stltoday.com/stltoday/realestate/stories.nsf
/story/0B0359CEF9D33B858625701C00014DBE?OpenDocument
On the Web:
Freddie Mac: http://www.freddiemac.com
Posted by at June 10, 2005 11:58 PM
