Mortgage rates at new low — again
Posted by Teresa Mears on Thursday, August 12, 2010 1:00 PM
It’s Thursday, and that means it’s time for another story reporting that mortgage rates have dropped to record lows, for the seventh time this year — so far. But, despite the lowest rates most of us have seen in our lifetimes, people are not rushing to refinance or buy homes.
Check Colorado mortgage rates at historic lows.
The average rate for a 30-year fixed-rate mortgage fell to 4.44% this week, the lowest since Freddie Mac began keeping records in 1971. That’s down from 4.49% last week and from 5.19% a year ago. The rate is the lowest recorded since 1953, according to the National Bureau of Economic Research, when loan terms were shorter.
Rates for 15-year mortgages dropped to 3.92%, the lowest rate on record and down from 3.95% last week.
Are these the lowest rates we’ll see? Call Colorado Mortgage Guy at 303-818-0699 about a Denver home loan.
Read entire story at mortgage rates at new lows
Vince Reece
Senior Loan Officer
Office: 303-840-0966
Cell: 303-818-0699
vince@coloradomortgageguy.com
19519 E Parker Square Dr
Parker, CO 80134
www.coloradomortgageguy.com
