Yahoo! Finance: Mortgage Rates at 38-Year Low

March 27, 2009 by admin · Leave a Comment
Filed under: Mortgage articles 

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From Yahoo! News and the AP:

Rates on 30-year mortgages fell this week to the lowest level on record after the Federal Reserve launched a new effort to assist the staggering U.S. housing market.

Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dropped to 4.85 percent this week, from 4.98 percent last week. It was the lowest in the history of Freddie Mac's survey, Read more