Interest rates set record low
From the CAR Market Matters News Letter
Mortgage rates drop to record low
Rates on 30-year, fixed-rate mortgages averaged 4.85 percent for the week ending March 26, following an
announcement by the Federal Reserve that it is launching a new effort to assist the U.S. housing market.
The rate marked a record low in the history of the Freddie Mac survey. The previous low was 4.96 percent
set during the week of Jan. 15.
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