Summary Box: Average rate for 30-yr mortgages matches low of 4.32 pct.; 15-yr lowest in 20 yrs
By APThursday, September 30, 2010
Summary Box: Mortgage rates match low of 4.32 pct.
MORTGAGE RATES FALL: Rates on 30-year mortgages matched the lowest level in decades and those for 15-year loans fell to the lowest point in nearly 20 years.
LOWEST IN DECADES: Mortgage buyer Freddie Mac says the average rate for 30-year fixed loans fell to 4.32 percent, the lowest on records dating back to 1971. The average for 15-year fixed loans fell to 3.75 percent, the lowest on records dating back to 1991.
HOUSING MARKET STILL WEAK: Low rates have done little to boost the struggling housing market, which had its worst summer in more than a decade.
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