Apr 28, 6:26 AM EDT
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Media & Culture
U.S. mortgage rates drop to 5-month low: Freddie Mac
By IBT Staff Reporter on 05/13/10 AT 12:29 PM
U.S. mortgage rates dropped below 5 percent in the latest week, the lowest level in 5 months, boding well for the hard-hit housing market as it copes with the absence of government support, a closely watched survey showed on Thursday.