Thursday, November 19, 2009

Mortgage rates fall to record lows

Mortgage rates dropped to a historic low, but fewer people are getting home loans.<p/>The benchmark 30-year fixed-rate mortgage fell 13 basis points, to 5.06 percent, according to the Bankrate.com national survey of large lenders released Thursday. A basis point is one-hundredth of one percentage point. http://bit.ly/5CE9A

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