WASHINGTON - Mortgage rates for 30-year loan fell to its lowest level in more than eight months.
The average for a 30-year fixed loan fell to 4.39 percent in the week ended yesterday from 4.55 percent, according to Freddie Mac. The average 15-year fixed loan fell to a record 3.54 percent to 3.66 percent.
The decline followed a slide in yields on 10-year Treasury notes, which is the lowest level since November on Wednesday touched the growing concerns that the economy is slowing.
The price for a 30-year fixed-rate mortgage is the lowest level since the week ending 18 November, when they also 4.39 percent.
It was the beginning of November to 4.17 percent, the lowest in Freddie Mac records, around 1971.
The low borrowing costs have done little to boost home sales, since the banks to tighten
The average for a 30-year fixed loan fell to 4.39 percent in the week ended yesterday from 4.55 percent, according to Freddie Mac. The average 15-year fixed loan fell to a record 3.54 percent to 3.66 percent.
The decline followed a slide in yields on 10-year Treasury notes, which is the lowest level since November on Wednesday touched the growing concerns that the economy is slowing.
The price for a 30-year fixed-rate mortgage is the lowest level since the week ending 18 November, when they also 4.39 percent.
It was the beginning of November to 4.17 percent, the lowest in Freddie Mac records, around 1971.
The low borrowing costs have done little to boost home sales, since the banks to tighten