New year-low for U.S. mortgage rates

Posted June 12th, 2011. Filed under Mortgage Rate Trends

Driven by factors such as economic slowdown in the US, and high level of unemployment and decline in home sales, mortgage rates fall for eighth consecutive week. According to Freddie Mac, the average rate for a 30-year fixed loan decreased to 4.49 percent in the week ended 09 June 2011 from 4.55 percent in the ...