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Tuesday, 24 April 2012

Rates plummet for long-term fixed mortgages

Average 5 year fixed rate:     

Today: 4.86%  
Six months ago: 4.89%  
April 2011: 5.59%  
April 2010: 5.87%  

5 year swap rate:

Today: 1.70%
Six months ago: 2.99%
April 2011: 2.99%
April 2010: 2.83%

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