07.09.2011 - U.S. mortgage rates remain at historic lows
Based on Freddie Mac latest Primary Mortgage Market Survey (PMMS), mortgage rates declining amid continued weak economic and housing data. While the 30-year fixed held steady, the 5-year ARM set a new all-time record low having fallen for the eighth consecutive week and now standing at 2.96 percent. Frank Nothaft, vice president and chief economist of Freddie Mac said, "Weaker economic data reports eased upward pressure on mortgage rates this week and kept them at or near all-time record lows..............................................Full Article: Source
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