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  • Mortgage Rates Reach Lowest Point Since 1971


    JANUARY 16, 2009 - U.S. mortgage rates for 30-year fixed-rate mortgages have reached record lows. According to a Bloomberg.com report, new Federal programs to buy back mortgage-backed bonds have significantly lowered costs for consumers—rates have reached their lowest point since 1971, the year Freddie Mac starting tacking these figures.

    Even Freddie Mac insiders like spokeswoman Eileen Fitzpatrick marvel at today’s rates. "The interest rate was 5.21% in June 2003," Fitzpatrick said in a Business Week report. "I never thought it would go below that."

    Guaranteed Rate is standing by to help you take advantage of these historic rates. Please Apply Now to find out much money you can save each month by locking in a historically low interest rate for the next 30 years.

    family
    Jan 19 2009