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Thursday, October 21, 2010

Lowest Mortgage Rates Since 1950's

Lowest Mortgage Rates Since 1950's

The last time borrowers could get rates this low, every television was black and white. American's liked Ike. Thirty-year fixed mortgages dropped to 4.27% this wee. Freddie Mac also reported the 5 yr adjustable rate mortgage fell to 3.47%, and the 1 yr adjustable rate dropped to 3.4%. Buyers should take advantage of the current mortgage rate environment.

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