Mortgage Rates Continue Their Slide
It appears mortgage rates still have not found their low for the year with rates still coming down. Last weeks news headlines was that rates had reached their lows for 2011, today the trend continues. One of today’s headlines from Yahoo Finance read, “Average rate on 30-year loan drops to 4.55 pct.; average rate on 15-year falls to 3.74 pct.”
The last time we saw rates reach these levels was back in October 2010 when there was approximately a 30-45 day window with rates reaching a new low.