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Is It Time to Refinance or Buy a Home? |
August 22, 2011
Mortgage rates have reached their lowest levels in 50 years, Freddie Mac says, providing a reason for many homeowners to refinance their mortgages or boost buyers on the hunt. The government-sponsored mortgage corporation Thursday said the 30-year fixed rate averaged 4.15 percent, breaking the previous record low of 4.17 percent set November 11, 2010, according to its Primary Mortgage Market Survey.
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