Fixed mortgage rates hit record lows: Freddie Mac Mortgages - MarketWatch

NEW YORK (MarketWatch) -- Fixed-rate mortgages continued their decline to record lows this week and the 5-year adjustable rate also reached a new low, Freddie Mac reported Thursday.

"Low rates are helping to heal many battered local housing markets by increasing home-purchase activity," said Frank Nothaft, vice president and chief economist at Freddie Mac, in a news release.

Fixed mortgage rates hit record lows: Freddie Mac Mortgages - MarketWatch