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2010-08-19 08:28:14
Average mortgage rates hit low of 4.42 percent!

Average mortgage rates hit low of 4.42 percent!

Mortgage rates fell to the lowest level in decades for the eighth time in nine weeks.

Mortgage buyer Freddie Mac says the average rate for 30-year fixed loans this week was 4.42 percent, down from 4.44 percent last week. That's the lowest since Freddie Mac began tracking rates in 1971.

The average rate on 15-year fixed loans dropped to 3.9 percent, down from 3.92 percent last week and the lowest on records dating back to 1991.

Call me with any questions,

Doug Spiers / Associate Broker / Global Choice Real Estate / 801-726-7173

 
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