RATES HIT NEW LOWS!!

Posted By Gray Bailey @ Aug 13th 2010 11:11am In: Personal

I just read this very informative article in the "Columbus Dispatch":

According the "Columbus Dispatch" mortage rates sank to the lowest level in decades this week, pushed down by the weak economy and the Federal Reserve's move to help left the recovery by buying the government debt.

Mortgage fianance company, Freddie Mac said that the avearge rate for 30-year fixed loans this week was 4.44%, down from 4.49% last week. That's the lowest since Freddie Mac began tracking rates in 1971!.

The average rate on 15 yaer fixed loans dropped to 3.92%, down from 3.95% last week and the lowest on record!

 


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