Mortgage Rates Drop Below 4% for First Time

The average rate on the 30-year fixed mortgage this week fell below 4% for the first time ever, to 3.94%. And mortgage rates could fall even further now that the Federal Reserve plans to reshuffle its portfolio of securities to try and lower long-term rates. Freddie Mac said the…

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Mortgage Rates Drop Below 4% for First Time

Posted by on October 6, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.