Tuesday, September 23, 2008

Mortgage rates drop, and demand goes up

Tue, Sep. 23, 2008

By ANDREA JARESajares@star-telegram.com

The phones are busy at local mortgage companies.

The average rate for a mortgage loan dropped suddenly two weeks ago after the government stepped in to take over mortgage giants Fannie Mae and Freddie Mac, and for much of last week, buyers could get loans under 6 percent.


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