Mortgage rates keep on dropping
From Times wire reports
Mortgage rates continue to fall, marking the fourth straight week and the ninth time this year that they fell to new lows.
The 5.26% average rate on 30-year fixed-rate home loans for the week ending Friday surpassed the previous low of 5.31% the week before, Freddie Mac reported. The average on 15-year fixed-rate mortgages also fell to a new low of 4.66% from the previous low of 4.73%.
Rates for one-year adjustable mortgages dropped to a new low of 3.59% from 3.63%.
