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Falling Rates Fail to Spark Demand
30-year falls to 4.55% as 10-year Treasury also lower
June 2, 2011
By E. SCOTT RECKARD Los Angeles Times - McClatchy-Tribune Information Services
Mortgage rates fell to the lowest level this year as the benchmark 10-year Treasury yield fell below 3 percent for the first time since last year. But prospective borrowers aren't moved by the improvement in interest rates.
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