Under One Roof Blog
Everything You Need To Know About Home Mortgages

Mortgage rates drop to record low
March 26, 2009 by Tamara Sevigny, Customer Care Director

Rates on 30-year mortgages fell this week to the lowest level on record after the Federal Reserve launched a new effort to assist the staggering U.S. housing market. Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dropped to 4.85 percent last week. It was the lowest in the history of the Freddie Mac’s survey, which dates back to 1971 and was down from a full percentage point from one year ago. To read the full article please log onto: http://finance.yahoo.com/news/mortgage-rates-drop-to-record-apf-14753570.html

This entry was posted on Thursday, March 26th, 2009 at 12:11 pm and is filed under Mortgage Loan Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.