Rate On 15-Year Mortgage Falls To Decades Low

http://finance.yahoo.com/news/Rate-on-15year-mortgage-falls-apf-2849071239.html?x=0&sec=topStories&pos=6&asset=&ccode=

Daniel Wagner, AP Business Writer, On Thursday August 4, 2011, 10:35 am WASHINGTON (AP) -- The average rate on a 15-year fixed mortgage has fallen to its lowest level in decades.

The rate for the popular refinancing option dropped to 3.54 percent this week from 3.66 percent last week, Freddie Mac said Thursday. That's lowest result since the mortgage buyer began tracking it in 1991.