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Mortgage rates fall to new record lows

By: capt_nemo in ROUND | Recommend this post (0)
Sat, 07 Jul 12 7:44 AM | 53 view(s)
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WASHINGTON (AP) â€“ Fixed U.S. mortgage rates fell again to new record lows, providing prospective buyers with even more incentive to brave a modestly recovering housing market.

Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan dropped to 3.62%. That's down from 3.66% last week and the lowest since long-term mortgages began in the 1950s.

http://www.usatoday.com/money/economy/story/2012-07-05/mortgage-rates/56029062/1

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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