Another Drop in Mortgage Rates to Lowest Level in 60 Years

Freddie Mac has reported, mortgage rates have fallen to the lowest level seen in 60 years with a 30-year, fixed rate dropping to 4.09% and a 15-year, fixed rate at 3.30%. “By refinancing into today's 30-year fixed mortgage, homeowners with a $200,000 loan could shave almost $1,715 a year in interest payments,” according to Freddie Mac's Nothaft.

Follow this link to read the complete article from CNN Money:

http://money.cnn.com/2011/09/15/real_estate/record_mortgage_rates/