Monday, August 28, 2006

Mortgage Rates Fall

For the fifth week in a row, mortgage rates dropped last week - a sign of a slowing housing market. The average interest rate was 6.48 percent for a 30-year fixed loan. This is a good time to think about refinancing your home (if your interest rate is higher). Or if you're a first time homebuyer, you can get in at a more affordable rate.

And if you're in the market for a new home, Martha Stewart has her home on the market.


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