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Affordable Housing

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Mortgage Rates Fall to Four-Year Low 

Jan 24, 2008By

Mortgage rates continued to fall for the fourth consecutive week, with rates on a traditional 30-year fixed mortgage falling to 5.48 percent for the week ended January 24. In its weekly rate survey, Freddie Mac said that rates averaged 5.69 percent last week. Rates on a 30-year fixed-rate mortgage have not been lower since the week ending March 25, 2004.

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