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Mortgage rates continue to fall

Daily newsbrief journal for December 2008, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


Mortgage rates continue to fall

Postby admin » Thu Feb 09, 2012 9:10 am

Mortgage rates continue to fall
« Thread Started on Dec 4, 2008, 9:19pm »

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Mortgage rates continue to fall
Posted: 01:52 PM ET
NEW YORK (CNNMoney.com) — Mortgage rates fell this week, reaching levels not seen since January, as the government steps up its efforts to aid the ailing housing market.

Government sponsored mortgage lender Freddie Mac said Thursday that fixed rates on 30-year mortgages averaged 5.53 percent for the week ending December 3. That’s down from 5.97 percent last week and below the 5.96 percent rate at this time last year.

The 30-year rate has not been this low since January 24, when it averaged 5.48 percent.
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