Industry NewsMortgage

Mortgage rates resume their record-setting ways

30- and 15-year fixed, 5-year ARM loans at new lows
Published on Oct 7, 2010

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by CareyBot

Rates for most mortgages tracked by Freddie Mac hit record lows this week, as investors in mortgage-backed securities who fund home loans were reassured by signs that inflation remains at bay.

Rates on 30-year fixed-rate mortgages averaged 4.27 percent with an average 0.8 point for the week ...