Mortgage Interest Rates Hit Low for Year

Stock market volatility drove rates on the 30-year fixed-rate mortgage to hit a new low point for the year but it also contributed to a pull-back in the purchase market, holding the increase in mortgage application volume to just 4.1% for the week ended Aug. 12, according to the Mortgage Bankers Association.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_412/mortgage-interest-rates-hit-low-1026153-1.html?CMP=OTC-RSS

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