Mortgage Rates Down 0.75%
- By:
- Bill Rice | Wed, 11/26/2008
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Mortgage rates dive nearly a full percent. The 30-year fixed-rate mortgage drops to 5.5 percent in one of the largest single-day dips since 1988. Directly, reacting to the US Treasury and Federal Reserve's $600 billion new stimulus--banks move to unfreeze credit by repricing immediately and dramatically.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed |
4.39 |
| 5/1 ARM | 3.69 |
Rates may contain points
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