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30 Year Mortgages At Record Low

The interest rate on 30-year mortgages fell to a record low of 4.71 percent after the Federal Reserve injected $1.25 trillion into mortgage-backed securities as part of the government’s plan to reduce the cost of buying a home. Despite the low rates, qualifying for a loan remains difficult and lenders reserve the best rates for those with unblemished credit ratings and a full 20 percent down payment.

Associated Press [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Scott Boyd

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