WASHINGTON (AP) - Average U.S. rates on fixed mortgages fell to fresh record lows this week, a trend that is boosting home sales and aiding the housing recovery.
Mortgage buyer Freddie Mac says the average rate on the 30-year loan dipped to 3.31 percent, the lowest on records dating back to 1971. That's down from 3.34 percent last week, the previous record low.
The average on the 15-year fixed mortgage also dropped to 2.63 percent. That's down from 2.65 percent last week and also a new record.
The average rate on the 30-year loan has been below 4 percent all year. It has fallen further since the Federal Reserve started buying mortgage bonds in September to encourage more borrowing and spending.
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Posted: 06/17/2013 - ARDMORE, Okla. —The Samuel Roberts Noble Foundation announced the 2013-2014 recipients of the Sam Noble Scholarships this week, awarding $140,000 in scholarships to 10 southern Oklahoma students.
Posted: 06/13/2013 - DURANT, Okla. -- Southeastern Oklahoma State University has scheduled Camp SE for June 23-24, July 21-22 and July 28-29 on campus.
Updated: 06/10/2013 - (LEONARD,TEXAS) -- Leonard residents are worried that piles of tires sitting at a vacant service shop are attracting mosquitoes and endagering their health
