Mortgage Rates Fall to Record Lows Due to Disappointing Economic Data

Following a run of disappointing economic data – from housing, to jobs, to consumer spending – mortgage rates fell to record lows for the week ending June 24, 2010, Freddie Mac and Bankrate reported Thursday. According to Freddie Mac’s Primary Mortgage Market Survey, 30-year fixed-rate mortgages averaged 4.69 percent with an average 0.7 point this …

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