WHICH ISN'T HOW INFLATION WORKS:

Mortgage rates drift lower, Freddie Mac says (E. Scott Reckard, May 5, 2011, LA Times)

Here's a bit of good news for anyone still thinking about refinancing a home loan -- mortgage rates have once again drifted lower for well-qualified buyers.

FREmonument A Freddie Mac report on Thursday said the lenders it surveys were offering 30-year fixed-rate mortgages at an average rate of 4.71% early this week, compared with 4.78% the week before.

Rates for 15-year fixed loans, a popular option for homeowners looking to refinance mortgages, averaged 3.89%, down from 3

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