Fixed-rate mortgages break record lows

CHICAGO (MarketWatch) -- Mortgage rates took another drop this week, with fixed-rate mortgages again hitting record lows, according to Freddie Mac's weekly survey of conforming mortgage rates, released Thursday.

Thirty-year fixed-rate mortgages averaged 4.56% during the week ending July 22, down from 4.57% last week and 5.20% a year ago. Fifteen-year fixed-rate mortgages averaged 4.03%, down from 4.06% last week and 4.68% a year ago.

http://www.marketwatch.com/story/fixed-rate-mortgages-break-record-lows-2010-07-22