U.S. Mortgage Rates Fall for Third Consecutive Week
Friday, Nov 20, 2009
U.S. Mortgage Rates Fall for Third Consecutive Week
By Brian Louis Nov. 19 (Bloomberg) -- Rates for 30-year fixed U.S. home loans fell for the third straight week, offering a boost to potential buyers who may use a government tax credit to purchase homes. The 15-year rate declined to a record low.
The 30-year rate dropped to 4.83 percent from 4.91 percent, the lowest since May, mortgage buyer Freddie Mac of McLean, Virginia, said today in a statement. The average 15-year rate fell to 4.32 percent, the lowest since records began in 1991.
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