Tidewater Real Estate Blog

Mortgage Rates Hit Another Record Low
The average interest on a 30-year fixed mortgage dipped to a new record low of 4.57 percent this week — down from 4.58 percent a week ago, according to Freddie Mac, which began tracking rates in 1971.

Still, the low rates may not provide much of a boost for the housing market because many people do not qualify for new mortgages or have already obtained loans at low rates this year.

Source: Indianapolis Star (07/09/10)
Posted by Brad Nichols on July 9th, 2010 2:20 PMPost a Comment (0)

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