Mortgage Rates Mixed; 30-Year Fixed Continues To Hold Steady
Business News in Chula Vista, Eastlake News, Real Estate Saturday, July 2nd, 2011
Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which shows fixed mortgage rates holding steady amid mixed economic reports and some signs of improvement in the housing market. The 5-year adjustable-rate mortgage hit a new record low at 3.22 percent, dropping below the previous record of 3.25 percent set November 11, 2010.
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