Published
|
Updated
RATES FALL: Average U.S. rates on fixed mortgages dipped again this week to the lowest levels on record, creating more incentive for buyers to enter the recovering housing market.
THE NUMBERS: The rate on the 30-year loan fell to 3.53 percent, mortgage buyer Freddie Mac says. That's the lowest since long-term mortgages began in the 1950s. The rate on the 15-year mortgage declined to 2.83 percent, also a record.
OUTLOOK: Cheaper mortgages have contributed to a modest housing recovery. Home sales fell in June but were up from the same month last year. Home prices are rising in most markets.
The hottest stories ripped from the headlines, from crime to courts, legal and scandal.
Arrives Weekly
