In Recent Weeks, Mortgage Rates Well Below 5%

By Kyle Chezum Updated on 10/19/2010

Mortgage rates have fallen steadily for six weeks in a row, and have dropped to levels unseen since early in the year when the Fed purchased $300 billion in Treasury bonds. Many homeowners have taken advantage of these low rates by refinancing. Experts predict that decreased activity by the Fed will cause rates to increase again soon.

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About The Author:

Kyle Chezum

My name is Kyle Chezum. I'm a Marketing Associate here at Lender411com. If you have any questions, feel free to contact me. Thanks!.

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