Mortgage Rates Swoon to Record Lows
RISMEDIA, June 28, 2010—(MCT)—Mortgage rates slumped to record lows this week, Freddie Mac confirmed, with lenders on average offering 4.69% on a 30-year fixed-rate loan. The average rate on the 30-year loan fell from 4.75% last week, dropping below the…
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Mortgage Rate Drop Fails to Lure U.K. Borrowers: Chart of Day
The drop in the rate on the U.K.’s most widely sold mortgage to a seven-year low has failed to revive lending because it’s too high to persuade borrowers to refinance when fixed-rate terms lapse, Moneyfacts.com said.
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