Mortgage rates dip to new all-time low
Mortgage rates fell to another all-time low, declining for the tenth consecutive week.
Government sponsored mortgage lender Freddie Mac said Thursday that fixed rates on 30-year mortgages averaged 5.01% for the week ending Jan. 8th. That's down from 5.10% last week and well below 5.87%, which is where the rate stood at this time last year.
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