This is an archived article that was published on sltrib.com in 2010, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.
Washington • Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks as investors worried about the economy.
The average rate for a 30-year fixed loan was 4.32 percent this week, down from 4.36 percent last week, mortgage buyer Freddie Mac said Thursday. That's the lowest since Freddie Mac began tracking rates in 1971.
The average rate on a 15-year fixed loan dropped to 3.83 percent from 3.86 percent the previous week. That too is the lowest on record.
Rates have been falling since spring as investors have shifted money into safer Treasury bonds. That has lowered their yields, which mortgage rates tend to track.
The Associated Press
