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Mortgage Rates Sink To Record Low 4.44 Percent

Growing pessimism over the weak economic recovery pushed mortgage rates to the lowest level in decades for the seventh time in eight weeks. The average rate on a 30-year fixed mortgage hit 4.44 percent this week, mortgage buyer Freddie Mac said Thursday. And some brokers say homeowners looking to refinance have even managed to do so for as low as 4 percent.

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Posted on 14 August '10 by admin, under Consolidating student loan, Debt managment, Freedom debt relief, Investing advice, Mutual Funds, debts consolidation, wealth building.