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Average rate for 30-year loan dips below 4. By Inman News, Thursday, June 24, 2010. Rates for most types of mortgages tracked by Freddie Mac hit record lows this week, with 30-year fixed-rate mortgages averaging 4. 69 percent with an average of 0. 7 point for the week ending June 24. Turmoil in financial markets has made mortgage-backed securities that fund most home loans attractive to investors. That, coupled with slack demand for mortgages, has helped keep rates low.
Your source for KW Real Estate News. Sorry this is NOT Real Estate Related! September 22, 2010. Is it time for you to get a New Furnace or Hot Water Tank? September 20, 2010.
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