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Mortgage rates plunge

Posted by kim carpenter on August 5, 2011
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As Congress and President Obama hammered out a debt deal over the past week, mortgage rates plunged — hitting new lows in some instances.

The 30-year fixed rate, usually the most popular choice for homebuyers, fell to 4.45% from 4.57% last week — its lowest point since last November, according to the Mortgage Bankers Association.

Meanwhile, the rate on the less popular 15-year fixed plunged to a new record low of 3.52%, down from 3.67% a week earlier.

If you want to speak to a local lender to either get approved for a purchase mortgage or to refinance your current mortgage, give Cori Drudge of Fairway Mortgage Corp to set up an appointment today!!

If you need assistance in finding that dream home or selling your current home, give me a call!!!!

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