Monday, August 30, 2010
Historic Interest Rates!
The thirty-year fixed rate mortgage (FRM) averaged 4.375% today, with an APR of 4.559%, down from Friday’s average of 4.36%. This rate is much lower than last year around this time when the 30-year FRM was averaging well over five percent. Today’s rates are the lowest recorded since Freddie Mac began keeping track of this type of mortgage back in 1971.
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