Sunday, August 7, 2011

Mortgage Rates Reach Record Lows

from Realtor Mag.....

Mortgage Rates Reach Record Lows


Daily Real Estate News
Friday, August 05, 2011

Mortgage rates dropped sharply this week, possibly improving the purchasing power of many home buyers. The 30-year fixed-rate mortgage, the most popular choice among buyers, averaged 4.39 percent this week, its lowest average for 2011, Freddie Mac reported in its weekly mortgage market survey. The 15-year fixed-rate mortgage and the 5-year adjustable rate-mortgage also both reached new historical record lows. Bookmark and Share

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