despite-fears
Mortgage Rates Drop Despite Mixed Financial Data
July 30, 2010 by publisher · Leave a Comment
Mortgage rates are enjoying their slide to record lows for the sixth consecutive week, the U.S. Federal Home Loan Mortgage Corp. said Thursday. Rates have gone lower, despite fears the cessation of a mortgage securities purchasing program by the Federal Reserve would trigger a rise in interest rates. In the latest weekly survey, Freddie Mac said interest rates for 30-year, fixed-rate contracts …