Mortgage Rates Fall Again (Amazingly)

Mortgage interest rates drop to a new low for the 10th time in 11 weeks.It seems implausible -- even impossible -- yet here we are again. For the 10th time in the last 11 weeks, conventional mortgage interest rates dropped to a new historic low. The average 30-year fixed rate hit 4.32 percent for the week finishing Sept. 2, a drop from the previous week's 4.36 percent, according to Freddie Mac. Rates on 15-year fixed-rate mortgages dropped to an average of 3.83 percent, down from last week's 3.86 percent. Unbeatable rates may encourage trigger-shy buyers to take a shot at homeownership this fall after the late-summer slump.

For more on mortgages see these AOL Real Estate guides:
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.

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