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Record Low for Fifteen Year Fixed Mortgage

Average mortgage interest rates continued to tumble this week as both the 15-year fixed mortgage and the 5-year adjustable rate mortgage fell to new record lows for a second consecutive week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending May 2nd, 2013.

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Mortgage Applications for Home Purchases Fall

Applications for home purchases fell last week despite near record low mortgage rates according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 26th, 2013.

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Mortgage Rates Continue Decline

Average mortgage interest rates for the both the 15-year fixed mortgage and the 5-year adjustable rate mortgage fell to new record lows this week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending April 25th, 2013.

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