Mortage rates still seeking a bottom

With fears of inflation at bay, rates set new lows

Mortgage rates continued their record-setting ways this week, with 30-year fixed-rate mortgages dipping to an average of 4.32 percent and 0.7 point, Freddie Mac said in releasing the results of its Primary Mortgage Market Survey.

That’s down from last week’s record low of 4.36 percent, and compares to an average of 5.08 percent at the same time last year.