For the second week in a row, contrary to popular thinking for this point in time, mortgage rates have gone even lower. In response to the European debt concerns and investors rush to U.S. Treasuraries, the 30 year fixed rate mortgage fell to 4.32% this week. This represents it’s lowest point for 2011. The 15 year fixed rate is down to 3.5%.
Additionally, Rand Mortgage is currently offering a 30 year fixed rate product, with no points, at an even 4.0%.
http://www.housingwire.com/2011/08/11/mortgage-rates-plummet-to-new-lows-on-market-concerns
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