Credit Card and Financial News

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03 Dec

Rates on 30-year mortgages set new record low (AP)

Posted in business on 03.12.09

In this photo made Tuesday, Nov. 17, 2009, a 'for sale' sign is seen outside a home in Los Angeles. The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs. (AP Photo/Reed Saxon)AP – The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs.



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