Industry NewsMortgage

Mortgage rates go lower

9-week streak for record-low 30-year rates
Published on Aug 20, 2010

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by CareyBot

Rates on fixed-rate mortgages tracked by Freddie Mac hit new lows this week, with 30-year fixed-rate loans averaging 4.42 percent with an average of 0.7 point.

That's down from 4.44 percent last week and 5.12 percent at the same time a year ago, and is a new low in records dating to 1971.

It was the ninth straight ...

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