Average for 30-year mortgage drops to 3.91 percent.12/22/2011 - Mortgage rates for 30-year loans dropped to the lowest level on record amid signs the housing market may be set for a turnaround. The average rate for a 30-year fixed loan fell to 3.91 percent in the week ended Thursday, the lowest in data dating to 1971, from 3.94 percent, Freddie Mac said in a statement.  U.S. home sales up last month, but revised recession figures 14% lower12/21/2011 - The number of Americans who bought previously occupied homes rose last month. But the National Association of Realtors says it overstated about 3.5 million sales during and after the Great Recession, showing the housing market remains much weaker than previously thought. |
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