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Finance Blogs » Mortgages » Another week, another low

Another week, another low

By Holden Lewis · Bankrate.com
Thursday, September 2, 2010
Posted: 9 am ET

The benchmark 30-year fixed mortgage rate fell again this week to a modern-day record low. Rates haven't been this low in more than 50 years.

Many borrowers will discover that Fannie and Freddie add fees that make a mortgage more costly. The generic term is risk-based pricing. As I explain in the mortgage analysis in the link above, the fees can add up to a lot of money. You can either pay them out of pocket at closing, or take a higher rate.

In this week's Rate Trend Index, a majority of voters expect mortgage rates to remain relatively unchanged over the next week.

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