Rates Likely to Hold
Posted on November 6, 2009
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The average 30-year fixed-rate mortgage was down 5 basis points from the prior week in Freddie Mac’s latest Primary Mortgage Market Survey. The average 15-year fixed-rate mortgage fell 0.06%. But the yield on the 10-year Treasury indicated fixed rates are likely to stay at their current levels over the next seven days, while a plurality of panelists surveyed by Bankrate.com projected rates will remain idle for at least a month.
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