Home buyers get break as mortgage rates decrease - 2004-02-13
Mortgage rates — after rising for two straight weeks — dropped this week, offering a break for people wanting to acquire a home.
The average rate on 30-year mortgages fell to 5.66 percent, down up from 5.72 percent last week, Freddie Mac, the mortgage giant, said yesterday in its weekly nationwide survey of mortgage rates.
Rates on these benchmark mortgages hit a four-decade low of 5.21 percent in the middle of June.
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