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Article: 30-Year Mortgages Dip to 5.82%
- Article from:
- The Washington Post
- Article date:
- December 20, 2003
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Rates on 30-year and 15-year mortgages declined for the second
week in a row, offering more good news for the red-hot housing
market.
For the week ending yesterday, the average rate on 30-year
mortgages slid to 5.82 percent, down from 5.88 percent the previous
week, Freddie Mac, the mortgage giant, reported Thursday in its
nationwide survey of mortgage rates.
Rates on 30-year mortgages dropped to 5.21 percent, the lowest
level in more than four decades, in the middle of June. Since then,
rates on these benchmark mortgages have bounced up and down.
For 15-year mortgages, a popular option for refinancing, rates
fell to 5.14 percent this week, down sharply from 5.24 percent last
week.
Rates for ...