Mortgage Rates Fall Yet Again

In the 1980’s a wise person once said,

“Mortgage Rates will never fall below 10%”

Daily Real Estate News | September 3, 2010

Mortgage rates have hit a new record low for the 10th time in 11 weeks as investors continue to turn to Treasury bonds as a safe haven; the shift in money is cutting yields, which mortgage rates tend to follow.

Freddie Mac reports that 30-year fixed loans averaged 4.32 percent, down from 4.36 percent a week ago; and the 15-year fixed rate fell to a new low of 3.83 percent, down from 3.86 percent.

Source: Chicago Sun-Times (09/03/10)

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