Rent or Buy? Gasp! Mortgage Rates Fall to 5.91%

Rent or Buy? Gasp! Mortgage Rates Fall to 5.91%

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Maxwell Ryan
Aug 17, 2004

Buy, buy, buy. Despite higher interest rates, prospective homeowners who don't want to shoulder expensive mortgages got welcome news as rates dropped below 6%. One year ago, the 30 year fixed rate stood almost a whole 1/2 % higher at 6.37%. This also goes to show you that predicting what will happen in this arena is for chickens. (via Bankrate) MGR

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