Freddie: Mortgage rates lowest since '71News added by ProWEB Media on August 19, 2010
Gary Linnell

ProWEB Media

Joined: December 27, 2005

The average rate for 30-year fixed mortgages is at 4.42 percent for the week -- the lowest level since Freddie Mac began tracking rates in 1971.

This figure represents a slight decline from a rate of 4.44 percent last week.

And, in terms of the average rate on 15-year fixed loans, the figure dropped to 3.9 percent -- a decline from 3.92 percent last week and a percentage representing the lowest since the Department began tracking such data in 1991.
The views expressed here are those of the author and not necessarily those of ProducersWEB.
Reprinting or reposting this article without prior consent of Producersweb.com is strictly prohibited.
If you have questions, please visit our terms and conditions
Post Press Release