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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 week that 30-year-fixed mortgage rates met or set a new record low in Freddie Mac's Primary Mortgage Market Survey."Investors in long-term bonds appear very confident that inflation will remain in check, and as a result long-term fixed mortgage rates have continued to fall," said Amy Crews Cutts, Freddie Mac's deputy chief economist, in a statement.Rates on 15-year fixed-rate loans averaged 3.9 percent with an average 0.6 point, down from 3.92 percent last week and 4....