Tuesday, September 22, 2009

Mortgage rates continue slide to near record lows

Posted By: Albert Tirado

Rates for 30-year home loans edged down for the third straight week and are close to record lows reached in the spring.

The average rate for a 30-year fixed mortgage was 5.04%, down from 5.07% last week, mortgage company Freddie Mac said on Thursday.

While higher than the record low of 4.78% hit earlier this year, rates are still considered very attractive for people looking to buy a home or refinance.

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