Record Low Mortgage Rates Look to Fall Further
Mortgage rates, already at record lows, look to fall even more thanks to the Fed’s move to buy up more mortgage-backed securities and treasuries.
The 30-year fixed-rate mortgage averaged 4.98 percent for the week ending March 19, down from 5.03 percent a week earlier and 5.87 percent a year ago, according to mortgage financier Freddie Mac.
The 15-year fixed slipped to 4.61 percent from 4.64 percent a Read more