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Lowest mortgage rates in decades spurring refinancing wave.(The Dallas Morning News)Fairbank, Katie
American Federal gave us an excellent service and guided us through the process every step of the way. In addition, he gave us the most competitive rates in the market. We were able to close at the scheduled date with no hiccups. I would definitely recommend American Federal in the future....
Rates for 15-year mortgages also took a large dive, dropping to 5.63% from 5.99%. Last year, rates were much higher, at 6.43%. "The decline in mortgage rates does increase prospective homebuyers’ purchasing power and should begin to pique their interest in making a move," Khater said. ...
“The market is moving ahead of the Fed, bringing down longer-term rates including those for mortgages, which should lead to both more home purchases and a pickup in refinance activity,” wrote Mike Fratantoni, chief economist for the Mortgage Bankers Association, in a news release....
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Mortgage rates fell this week to the lowest levels in over a year and a half, but elevated rates and high home prices are still keeping would-be buyers and sellers out of the housing market. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate...
Mortgage Rates Cut to Lowest Level for 37 YearsRead the full-text online article and more details about "Mortgage Rates Cut to Lowest Level for 37 Years" - Western Mail (Cardiff, Wales), September 19, 2001Western Mail (Cardiff, Wales)...