Oct 7, 2010, Freddie Mac published interest rates for a 30 year fixed loan to 4.27 %. This is the lowest on records dating back to 1971. The Mortgage Bankers Association on Oct 6, 2010 published that applications for mortgages on home purchases rose to the highest level since May, 2010. Last week new standards including higher credit scores and down payments went into effect.
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