BOSTON (Source: MainStreet By Jerold Leslie) — Fears of a “double-dip” recession and the possibility of a widening European debt crisis have lowered U.S. mortgage rates to levels not seen in more than half a century. Thirty-year fixed-rate mortgages fell to 4.15% on average during the week ending Aug. 18 — the lowest level in more than five decades, according to home-loan giant Freddie Mac.
Source: MainStreet By Jerold Leslie
08/31/11 – 07:30 AM EDT
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