Interest Rates Drop Again

The results of FreddieMac.com’s Primary Mortgage Market Survey show a lowering of interest rates for the second week in a row. The average rate for a 30-year fixed-rate mortgage was 6.18% last week, down from the previous week’s 6.24%.

“Mortgage rates drifted lower this week largely on the basis of new economic information suggesting a slower economy and lower inflation,” said Frank Nothaft, Freddie Mac vice president and chief economist.

This drop in rates reinforces last week’s post that it is an excellent time to buy Ludlow real estate. Are you in the market to buy a home? Visit my website to view all Ludlow real estate listings. Or for more personalized service, give me a call, 800-659-1819 #103.

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  5. Stivel Velasquez | Reply

    today released the results of its Primary Mortgage Market SurveySM (PMMSSM) in which the 30-year fixed-rate mortgage (FRM) averaged 5.56 percent, with an average 0.6 point, for the week ending June 9, 2005, down from last week when it averaged 5.62 percent. march madness Last year at this time, the 30-year FRM averaged 6.30 percent. The 30-year FRM has not been this low since April 1, 2004, when it averaged 5.52 percent.
    http://www.enterbet.com

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