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Borrowers Rush to Lock Mortgage Rates Over Concerns Bottom Has Passed

September 17, 2010

This was a hectic week for mortgages, but not necessarily in the rate category. Rates once again skipped along the recent mean but generally ended the week flat. The action was actually on the lender side as demand for Fannie Mae and Freddie Mac refinance loans increased to a fever pitch as borrowers acted to secure the lowest possible rates.

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