Mortgage Rates Fall to Record Low Level -- MrSwing

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Mortgage Rates Fall to Record Low Level
Jan 01, 2009

Dr. Mark J. Perry

CARPE DIEM
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30-year fixed rate mortgages closed out the year at 5.14% (data here, see graph above), the lowest rate on record (data back to 1964 here). Falling mortgage rates and falling home prices will be important factors in the real estate market's recovery in 2009.