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Mortgage rates reverse downward trend

Mortgage rates on 30-year fixed-rate residential loans averaged 4.39 percent this week, according to a Freddie Mac survey. That’s up from last week’s record low of 4.17 percent, and contrary to the federal reserve’s intent for interest rates after it announced a $600 billion Treasury bond purchase program. Yields on treasury bonds, which are closely tracked by mortgage rates,… Continue Reading Mortgage rates reverse downward trend

Mortgage rates fell this week to the lowest level on records dating to 1971, giving consumers added incentive to lock in low payments for home purchases and refinanced loans. The average rate for 30-year fixed loans sank to 4.69 percent, from 4.75 percent last week, mortgage company Freddie Mac said Thursday. That’s the lowest point… Continue Reading Mortgage rates at lowest point since at least 1971

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Colorado mortgage rates fall to 4.65%

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Colorado mortgage rates for 30-year fixed loans have dipped to 4.65 percent. Zillow Mortgage Marketplace reports that rates are down from last week’s average of 4.66 percent and that they were were higher than 5 percent last summer. The nationwide average was 4.66 percent. Zillow says its figures on mortgage rates are based on borrower… Continue Reading Colorado mortgage rates fall to 4.65%

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