Mortgage Interest Rates

May 26, 2011 30-year mortgage interest rate declined this week, down at 4.6% from 4.61% a week ago, a 1.0 basis point decline. The current rate is still 18.0 basis points lower compared to 4.78% a year ago. Shorter term mortgage rates followed similar trend and also declined.

Mortgage interest rates are considered to be one of the key factors influencing real estate demand schedules.

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