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Mortgage rates are low. So are approval rates.
April 13th, 2009 11:09 AM

Friday, March 20, 2009

Mortgage rates are low. So are approval rates.


Mortgage interest rates are already flirting with record lows and the Federal Reserve's move to buy up government debt will send those rates even lower. But it doesn't look like it will get any easier for borrowers - even those with good credit.

Bankrate.com reported Thursday that the average interest rate on a 30-year fixed mortgage fell to 5.29%, compared with 5.37% in the prior week. In January, rates fell as low as 5.28%.

To read the entire article, please visit: http://money.cnn.com/2009/03/19/real_estate/rates_low_approvals_too/index.htm?postversion=2009032009

Posted by Anthony Christensen on April 13th, 2009 11:09 AMPost a Comment (0)

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