Interest Rates Hit All Time Low

n Freddie Mac's results of its Primary Mortgage Market Survey the 30-year fixed-rate mortgage averaged 4.36 percent for the week ending August 26, 2010 - down from the previous week when it averaged 4.42 percent. Last year at this time, the 30-year fixed-rate mortgage averaged 5.14 percent.     Existing home sales fell 27% in July, which led to some market concerns that the housing market

Mortgage Rates Source: Realty Times U.S. averages as of August 26, 2010: 30 yr. fixed:   4.36% 15 yr. fixed:   3.86% 1 yr. adj:        3.52% may slow the economic recovery. As a result, fixed rate mortgage rates eased to new record lows this week.