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Thursday, March 19, 2009

Mortgage Rates May Fall to Lowest Since WWII on Fed Purchases

Mortgage Rates May Fall to Lowest Since WWII on Fed Purchases
"...The rate on a 30-year fixed mortgage may fall to 4.5 percent, the lowest since the 1940s, said Mike Larson, real estate analyst at Weiss Research in Jupiter, Florida. In 1945, the average annual rate for a mortgage was 4.7 percent, ..."
Reference: www.bloomberg.com

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