Mortgage Rates Drop Again

by Coldwell Banker Evergreen Olympic Realty, Inc. on August 20, 2009

Mortgage rates dropped again this week to 5.12% on a 30 year fixed-rate mortgage, according to Freddie Mac’s weekly Primary Mortgage Market Survey. This latest drop brings rates to their lowest levels since May, which rates were still in the high 4’s. At this time last year rates were nearly a point and a half higher at 6.52%.

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