Foster City, CA (PRWEB) January 11, 2012 Rates on the most popular types of mortgages moved downward, hitting new record lows, according to HSH.com's Weekly Mortgage Rate Radar. The average rate for conforming 30-year fixed-rate mortgages fell by 4 basis points (0.04 percent) to 4.03 percent. Conforming 5/1 hybrid ARM rates decreased by 6 basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 2.96 percent.
"We've been holding near record lows for a
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