Mortgage Rates 8/26/2010 – Yet Another All Time Low

posted by Nima

September 2, 2010 · Posted in General Economics 

… mortgage rates for the conventional 30 year mortgage have continued their decline to now 4.36%, a historical all time low.

Actually there is also an update for this week from Friddie Mac, according to which rates have already dropped to 4.32%:

Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy.

The average rate for a 30-year fixed loan was 4.32 percent this week, down from 4.36 percent last week, mortgage buyer Freddie Mac said Thursday. That’s the lowest since Freddie Mac began tracking rates in 1971.

The average rate on 15-year fixed loan dropped to 3.83 percent from 3.86 percent the previous week. That’s the lowest on records starting in 1991.

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