Mortgages Drop Below 6%

For the past month, mortgage rates have climbed up above the 6% mark.   But now that the Federal Reserve has taken strong action to help the American economy, thirty year fixed home loans averaged 5.87 according to Freddie Mac. This time last week rates were at 6.13%.  

I was also doing some reading today and found it very interesting that the majority of Americans  feel that 2009 will be a better year for the economy.    

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