Saturday, December 30, 2006

Mortgage Rates Hold Steady in December

Mortgage rates held steady in December, according to Freddie Mac, as 30-year fixed rate mortgages averaged 6.13% (well below the high point of 6.80% in July). Rates had fallen precipitously in November, which partially may have accounted for the recent increases in home sales and speculation that the housing market may have bottomed.

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