05.08.2011 - US: Mortgage rates for 30-year loans tumble to eight-month low
U.S. mortgage rates for 30-year loans plunged to the lowest level in more than eight months as the nationís economic recovery showed signs of faltering. The average rate for a 30-year fixed loan dropped to 4.39 percent in the week ended today from 4.55 percent, according to Freddie Mac. The average 15-year fixed-loan rate decreased to a record 3.54 percent from 3.66 percent, the McLean, Virginia- based mortgage-finance company said in a statement..............................................Full Article: Source
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