freddie mac weekly mortgage rate survey: Freddie Mac Reports 30 Year Mortgage Rates Lowest Since 1971
- 09/01/10 09:11 AM
Over the last several months, mortgage rates have continued to decline thanks to institutional investors seeking the safe haven of bonds over stocks in this uncertain economy. When investors buy mortgage bonds, this tends to lower the rates. As of last Thursday, August 26, Freddie Mac reported the lowest rates since they began keeping records in 1971 for 30 year fixed rates and 1991 for 15 year fixed rates. The average rate on a 30 year fixed rate mortgage was reported to be 4.36%. The average on 15 year fixed mortgages was reported to be 3.86%. These rates are averages compiled from their … (2 comments)
Over the last several months, mortgage rates have continued to decline thanks to institutional investors seeking the safe haven of bonds over stocks in this uncertain economy. When investors buy mortgage bonds, this tends to lower the rates. 
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