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2012-05-03 09:30:45
Mortgage Rates Hit New Record Lows

Good news for prospective homebuyers. Mortgage rates hit new record lows last week, thanks to underwhelming growth and economic concerns.

We've been following the weekly rates as the housing bulls and bears continue to declare bottoms and not-bottoms.  Freddie Mac said Thursday the 30-year mortgage rate fell for a second week, to 3.84%, down from its previous all-time record low of 3.87% on February 9. The 15-year fixed average also fell to new all-time lows.

The 30-year rate hit a recent high of 4.08% in March but has been unable to top 4% since. Last year at this time, it averaged 4.71%.

Provided by,

Doug Spiers / Broker 

Elite Choice Real Estate
1436 South Legend Hills Drive Suite 311
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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