Mortgage rates, home sales agreements drop to record lows
Mortgage rates have sunk to the lowest level in more than five decades, but consumers aren’t rushing to refinance their loans or buy homes.Mortgage company Freddie Mac says the average rate for 30-year fixed loans sank to 4.58 percent this week, but the number of buyers who signed contracts to purchase homes dropped in May to the lowest levels on record.The mortgage rate is down from the …

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