The LA Times: Money & Company Blog is reporting that mortgage rates have continued their decline to record lows according to Freddie Mac’s survey of lender offering rates.
The 30-year fixed-rate loan dropped to an average of 4.19% this week from 4.27% in the previous week.
Link to the full article: Freddie Mac: Mortgage rates drop again, now at 1951 levels
Its no secret that falling interest rates on mortgages have led to an increase in home refinancing…this summer has seen record low rates continued to fall for the eighth time in the past 9 weeks – triggering the highest volume of home refinancing in the past 15 months.
Full Article: Mortgage Rates Sink Lower Still