Mortgage Rates Drop; Approach New Lows!

As Congress and President Obama hammered out a debt deal over the past week, mortgage rates plunged — hitting new lows in some instances.






The 30-year fixed rate, usually the most popular choice for home buyers, fell to 4.45% from 4.57% last week — its lowest point since last November, according to the Mortgage Bankers Association.

Meanwhile, the rate on the less popular 15-year fixed plunged to a new record low of 3.52%, down from 3.67% a week earlier.

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Via: cnn.com