Mortgage rate hits new low -- 3.91%
Photo credit: AP, 2007 | Mortgage rates fell in the week before Christmas after being at record lows all year long.
The average rate on the 30-year fixed mortgage fell to a record 3.91 percent in the week before Christmas, the third time this year rates have hit new lows. Freddie Mac said Thursday the average on the 30-year home loan fell from 3.94 percent the previous week. The 3.91 percent rate is the lowest average for long-term fixed mortgages on records dating to the 1950s. The average on 15-year...
