Thursday, February 11th, 2010, 9:45 am
Mortgage rates dipped below 5%, according to Freddie Mac’s (FRE: 1.19 -1.65%) weekly survey.
The average rate for a 30-year fixed-rate mortgage (FRM) was 4.97% with an average 0.7 origination point for the week ending February 11. That’s down slightly from one week ago, when the rate was 5.01%. A year ago, the average rate was 5.16%.
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