Mortgage Rates Fall From Last Week

Mortgage rates are lower this week with 30-year fixed rate mortgages decreasing to 4.37%, a 0.14% drop from the previous week. The 15-year fixed rate mortgage also dropped 0.12% from last week averaging 3.41%. Chairman Ben Bernanke said, “the Fed will continue to stimulate the economy, even after it begins to slow the bond purchases.” Mortgage rates overall remain historically low, helping to fuel economic growth and aid the housing recovery. More here and here