Mortgage Rates Fall Again for the 10th Time

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CHICAGO-Investors are much worried about the feeble economy as mortgage rates decreased to the lowest level for the 10th time in 11 consecutive weeks.

The average value for 30-year fixed loans declined 4.32% from last week's 4.36%, the lowest rate since Freddie Mac, the mortgage buyer, started tracking rates in 1971. The mortgage buyer also reported that the average rate for 15-year fixed rate loans fell 3.83% from previous week's 3.86%, the lowest mortgage rate since 1991. For the full story, go to Chicago Sun Times.

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Categories: Midwest, Residential, Capital Markets, Analysis, Chicago