Friday, October 5, 2012

Vital Chart: Another Record Low for Mortgage Rates.

Home-mortgage rates continue to fall to record low levels, helping lift the slowly mending housing market.

Rates for a 30-year fixed mortgage fell to 3.36% this week, from 3.4% a week earlier and over 4% during the early part of the year.

While lending standards remain tight — making new mortgages hard to secure — low rates have helped move home sales forward.   By Conor Dougherty

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