Mortgage rates staying above 5%
by Latest financial news - CNNMoney.com on Friday, May 29th, 2009 | No Comments
Mortgage rates burst past the 5% mark for a 30-year fixed-rate loan late in May, peaking at an average of 5.45% on Thursday. It was the highest level reached by mortgage rates this year, but on Friday they fell back to 5.27%.
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