Mortgage Rates Drop Again

Today's Los Angeles Times features great news for prospective home buyers - mortgage rates have dropped again!

Highlights of the article include:

"Mortgage rates tumbled to the lowest level in the history of Freddie Mac's weekly survey, with 30-year fixed rate home loans being offered at an average 4.15%, down from 4.32% last week.

The mortgage giant said in its weekly report Thursday that loans with variable interest rates also hit record lows, as did shorter-term fixed-rate loans."

For more of this article, visit http://latimesblogs.latimes.com/money_co/2011/08/mortgage-rates-have-tumbled-to-the-lowest-level-in-the-history-of-freddie-macs-weekly-survey-with-30-year-fixed-rate-home-lo.html