Sunday, June 19, 2005

Mortgage rates remain low

Bankrate.com reports that as of June 8, mortgage rates went down. This is attributed to a weaker employment report than expected. For a 30 year fixed rate, you can expect 5.61 percent (a 4 basis point decline - "A basis point is one-hundredth of 1 percentage point"). This is compared to a rate of 6.36% one year ago.

To read more and see more sample interest rates, go here.

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