Rate on 30-year Mortgage Falls to Lowest on Record

20 Aug 2011 9 views

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Rate on 30-year Mortgage Falls to Lowest on Record

The average rate on a 30-year fixed mortgage has fallen to its lowest level on record, dating back to 1971. The rate on the most popular mortgage dipped to 4.15 percent from 4.32 percent a week ago.

The average rate on a 30-year fixed mortgage has fallen to its lowest level on record, dating back to 1971.

The rate on the most popular mortgage dipped to 4.15 percent from 4.32 percent a week ago, Freddie Mac said Thursday.

(READ the AP report in Yahoo Finance)

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