Mortgage rates keep falling

Not a bad time to finance a house purchase. A 30-year fixed was averaging 4.42 percent for the week ended Aug. 19. That's the lowest level since Freddie Mac began monitoring rates in 1971. A year ago, a 30-year fixed was at 5.12 percent. By the way, the Census Bureau is out with a report showing that 24 million homeowners had primary mortgage rates above 6 percent in 2009. Here's the link - scroll down to "mortgage characteristics."


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
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'I Am Woman,' hear them roar
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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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