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Rate on 30-year mortgage falls to record 4.09 pct.

WASHINGTON (AP) — Fixed mortgage rates fell to the lowest level in six decades for the second straight week. But few Americans can take advantage of the historically low rates

Summary Box: Mortgage rates hit record lows

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NEW LOWS: Fixed mortgage rates fell this week to the lowest levels in six decades. The average rate for a 30-year loan hit 4.12 percent; the 15-year loan fell to 3.33 percent

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Mortgage rates lowest in decades, but few qualify

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WASHINGTON (AP) — Mortgage rates have reached their lowest levels in six decades, making this the best time in most Americans’ lives to buy or refinance a home.

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Fixed mortgage rates fall to new lows

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WASHINGTON (AP) — Fixed mortgage rates fell this week to the lowest levels in six decades. But few Americans can take advantage of the rates to refinance or buy a home

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Mortgage demand slides despite low loan rates

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NEW YORK (Reuters) – Demand for U.S. home loans fell for a third straight week last week although mortgage rates fell to or near record lows, an industry group said on Wednesday. The Mortgage Bankers Association’s seasonally adjusted mortgage applications index, which includes both refinancing and home purchase demand, dropped 4.9 percent in the week ending September 2

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One of the most frequent questions in today’s housing market is “should I buy or should I rent?” Such a question is subject to the condition of the housing market you’re shopping in, unemployment, foreclosure environment, mortgage rates and so much more. But, believe it or not, even in this recession-strung economy, some people are still able to afford multi-million dollar homes, which spawned the question of whether the same rent vs. buy conundrum applied to someone who is able to spend five figures each month for a roof over their head

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Fixed mortgage rates edged up this week from their lowest levels in decades, Freddie Mac said Thursday. Here’s a look at rates for fixed and adjustable mortgages over the past 52 weeks.

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Home mortgage applications fall to 15-year low

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WASHINGTON (AP) — Mortgage applications to purchase a home fell last week to a 15-year low, despite the lowest mortgage rates in decades. Many potential buyers are holding off because they are worried about job security and fear the economy could slip back into another recession. The Mortgage Bankers Association says mortgage applications, which are adjusted for seasonal factors, fell 2.4 percent last week from the previous week

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WASHINGTON (AP) — Fixed mortgage rates fell to at or near record lows. That’s good news for the few who can afford to buy a home or are able to refinance

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Are Current Mortgage Rates Actually Low?

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[gallery] This post provided by Money-Rates.com . There can be a fair amount of hype associated with products like mortgages, so when you hear a phrase like ” current mortgage rates are historically low,” how seriously should you take it

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