Mortgage rates at new low, confidence at new high

September 21, 2012 - 06:00 PM
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Beckles interview September 19, 2012

Mortgage rates for 30-year loans tumbled on Thursday. They matched the lowest level on record -- keeping borrowing costs down as the real estate market improves.

Freddie Mac reports the average rate for a 30-year fixed mortgage fell to 3.49 percent, and the average 15-year rate slid to 2.77 percent. That's also a new low.

Ingrid Beckles, of The Beckles Collective, discussed those numbers and other real estate headlines on Capital Insider.

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