New Lows for Long-Term Mortgages

Long-term mortgage rates hit new lows this week, on signs inflation remains in check.
The average rate on a 30-year fixed-rate mortgage in the week ending Oct. 7 was 4.27 percent, down from 4.32 percent last week. A 15-year fixed-rate mortgage fell to an average of 3.72 percent, down from 3.75 percent last week.

Both are the lowest long-term rates have been since Freddie Mac (NYSE: FRE) began keeping track.Read more: New lows for long-term mortgages - Austin Business Journal

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