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Mortgage Rates Drop Seven Weeks in a Row
Fixed Mortgage, Adjustable Mortgage, and Loan Rate News 6/6/2011
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For the seventh straight week, mortgage rates have
continued to decline and are getting close to last years incredibly low
rates. 15 year fixed rates are now
running 3.75%, 20 year rates are running 4.25%, and the 30 year rates
has dropped down to 4.5%. |
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Even with these super low
rates, it is doing very little to help the struggling housing market.
Mortgage rates continue to get squeezed due to the very low interest
rates from people moving into bonds. People have started moving
into this safe haven as they see the economy slowing down over the past
few months. |
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If you are in need of extra
money and
are looking for a good place to borrow that money from, with the best
loan rates, there are many sites listed online that will give you lower interest
rates than many offline businesses for the same reasons as above.
The ease of finding online loans allows for quick and easy checking of
at least three sources online to see who is willing to offer you the
best online rates. If you can't find the best rate the first time,
look at other places for better rates. |
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