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Mortgage Rates Remain Virtually Unchanged, Linger at Historical Lows

Rates are at a historic low, check out the article that DSNews.com recently published about it!

“After weeks of continuous declines, mortgage rates remained nearly flat for the week ending June 3, 2010, Freddie Mac and Bankrate reported Thursday.

According to Freddie Mac’s Primary Mortgage Market Survey (PMMS), 30-year fixed-rate mortgages averaged 4.79 percent with an average 0.8 point this week, barely inching up from last week’s average of 4.78 percent. However, this week’s average was significantly lower than last year at this time when 30-year fixed-rate mortgages averaged 5.29 percent.Continue reading