Tuesday, January 3, 2012

Mortgage rates fall to record lows

@CNNMoney December 15, 2011: 1:44 PM ET
mortgage rates

NEW YORK (CNNMoney) -- Mortgage rates sunk to record lows again this week.
The average rate on the 30-year fixed mortgage fell to 3.94%, matching the all-time low hit in early October, according to Freddie Mac's weekly mortgage rate survey. Meanwhile, 15-year fixed-rate loans hit a new record low of 3.21%, surpassing the record set on October 6.

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