Monday, August 15, 2011



Mortgage rates plunge, flirting with new lows

August 3, 2011: 3:40 PM ET

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NEW YORK (CNNMoney) -- As Congress and President Obama hammered out a debt deal over the past week, mortgage rates plunged -- hitting new lows in some instances.
The 30-year fixed rate, usually the most popular choice for homebuyers, fell to 4.45% from 4.57% last week -- its lowest point since last November, according to the Mortgage Bankers Association.
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