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Another week for low rates

By Holden Lewis · Bankrate.com
Thursday, September 30, 2010
Posted: 10 am ET

The 30-year fixed was unchanged this week, tying last week's record low of 4.5 percent in Bankrate's weekly survey.

When I say "record low," I mean the record in the 25-year history of Bankrate's survey. Mortgage rates were lower back when Elvis Presley was trying to get a record deal.

As I point out in this week's mortgage analysis, borrowers are required to supply more paperwork now than four or five years ago. If you have a good credit history, and your home's value is high enough, you can qualify for a mortgage refi. But the paperwork requirements are going to be a pain.

Related posts:

  1. This week’s mortgage rates and predictions
  2. Another low for mortgage rates is likely to be set this week
  3. Another week, another low
  4. Economic calendar for week of Aug. 16-20
  5. Rates should reach another record low in today’s survey
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