Mortgage loan rates fall to new low - Mortgage rates again fell to a modern-day low this week, as investors favored American bonds over those of other, riskier, countries. This meant that there was more money to lend to Americans, making money less cheap for homeowners to borrow. The benchmark 30-year fixed-rate mortgage fell 6 basis points this week, to 4.75%, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. Read full article:
http://www.bankrate.com/finance/mortgages/mortgage-loan-rates-fall-to-new-low.aspx
Monday, July 5, 2010
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