Mortgage rates drop to new low of 4.57 pct
Mortgage company Freddie Mac said today the average rate for 30-year fixed loans dropped to 4.57 percent. That’s down from the previous record of 4.58 percent set last week and the lowest since Freddie Mac began tracking rates in 1971. The last time rates were lower was in the 1950s, when most long-term home loans lasted just 20 or 25 years.
February 27th, 2011 at 8:40 am
That’s incredible!