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Mortgage Rates Keep Falling

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Mortgage rates keep dropping, reports the Washington Post. Go get yourself locked in. Run, don't walk: "The average interest on a 30-year, fixed-rate mortgage dropped to 5.47 percent this week -- its lowest point in more than four years, according to a Freddie Mac survey. But many lenders say the rates have dropped even further since Freddie Mac polled lenders on Monday, Tuesday and Wednesday...'I locked a person in [yesterday] at 4 7/8 percent on a 30-year fixed loan," Steve Calem, vice president of American Bank in Rockville, tells the paper. 'The rates are still volatile in any given day, but they're bouncing up and down from 5.25 to 5.5 percent.' [Washington Post]