Mortgage Rates Reach New Lows

For the third straight week, fixed-rate mortgages inched down, reaching new lows. The 30-year fixed-rate mortgage averaged a record low of 4.01 percent this week while the 15-year fixed-rate set a new record of 3.28 percent, Freddie Mac reports in its weekly mortgage market survey. In Western areas, 30-year rates moved even lower, averaging 3.95 percent, Freddie reports.
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Resource: Daily Real Estate News | Friday, September 30, 2011