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Mortgage rates hit another record low

 

Mortgage rates hit another record low

Mortgage rates dropped again last week, sending both 15-year and 30-year fixed rate loans to record lows, according to CNN News.

 

The average rate on the 30-year fell to 3.34 percent, 0.06 lower than the previous week, according to mortgage giant Freddie Mac.  The 15 year fell 0.04 percentage point to 2.65 percent.

 

The new lows reflect increased demand for government bonds, according to Keith Gumbinger, of HSH.com, a mortgage information company.

 

For details: http://money.cnn.com/2012/11/15/real_estate/mortgage-record/index.html?section=money_realestate&utm_source=twitterfeed&utm_medium=linkedin&utm_campaign=Feed%3A+rss%2Fmoney_realestate+%28Real+Estate%29

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