30-Year Mortgage Rate Falls to 5.06%

January 2010
American Banker;1/15/2010, Vol. 175 Issue F302, p11
Trade Publication
The article reports that the government-sponsored enterprise Freddie Mac announced that mortgage loan interest rates for 30-year fixed mortgages fell to 5.06 percent, the second consecutive weekly decline. A U.S. Federal Reserve Board program to purchase mortgage-backed securities helped mortgage loan interest rates decline in 2009.


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