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2011-10-06 17:34:34
30-year mortgage below 4 pct. for first time ever!

On Thursday, Freddie Mac said the rate on the 30-year fixed mortgage fell to 3.94 percent from 4.01 percent last week, the previous low. The average rate on a 15-year fixed loan, a popular refinancing option, dipped to 3.26 percent, also a record.

Mortgage rates are now lower than they were in the early 1950s. The average rate reached 4.08 percent for a few months back then, according to the National Bureau of Economic Research. Although mortgages at that time typically lasted only 20 or 25 years.

Provided by,

Doug Spiers / Associate Broker 

Global Choice Real Estate
1436 South Legend Hills Drive Suite 314
Clearfield, Utah 84015

Direct (801) 726-7173

Email:
DougSpiers@aol.com 

ViewAndSearch.com

“The highest compliment I can receive is the referral of your friends, family and business associates. Thank you for your trust and confidence.”

 
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