Saturday, April 30, 2011

Summary box: fixed mortgage rates fall this week (AP)

RATES DIP this week: Freddie Mac said the average rate on the 30-year loan fell to 4,78% of 4.80% the previous week. It struck a minimum of 40 years of 4.17% in November.

RATE of 15 years, less than 4 per cent: the average rate in the 15-year fixed mortgage slipped to 3.97% 4.02%. She reached 3.57% in November, the level low on records dating back to 1991.

HOUSING still HURTING: four automakers reported lower sales in the latest quarter. And while more Americans signed contracts to buy homes last month, this was not sufficient to be considered as a healthy activity amount.

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