The average 30-year fixed home loan rate falls to 5.47%, a four-year low, in a sign that the government's efforts to break up the credit market logjam are working.
By Tom Petruno December 12, 2008
Mortgage rates are down for a sixth straight week, a sign that the government's latest efforts to break up the credit market logjam are working.The average 30-year fixed home loan rate fell to 5.47% this week -- a four-year low -- from 5.53% last week, mortgage giant Freddie Mac said. Click Here for the full article.
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