Mortgage Rates Fall Yet Again — New York Real Estate

Mortgage Rates Fall Yet Again

by John Tayeb on September 7, 2010

Mortgage Rates

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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This entry was posted in Foreclosures, Housing Market News Update, mortgage, New York Real Estate and tagged , . Bookmark the permalink.

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