Fixed mortgage rates stay flat, just above lows - Newsday

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Originally published: September 1, 2011 10:03 AM
Updated: September 1, 2011 10:51 AM
By The Associated Press DEREK KRAVITZ (AP Business Writer)

Quick ReadAverage rate on 30-year fixed mortgage stays at 4.22 pct.; 15-year loan down to 3.39 pct.

Photo credit: AP | In this Aug. 22, 2011 photo, a home-available sign is displayed in front of a new home under construction in Apopka, Fla. Fixed mortgages were mostly flat this week after hitting their lowest levels in decades. But few Americans are capitalizing on them. (AP Photo/John Raoux)

(AP) -- Fixed mortgages were mostly flat this week after hitting their lowest levels in decades. But few Americans are capitalizing on them.

The average rate on the 30-year fixed mortgage stayed at 4.22 percent for the second straight week, Freddie Mac said Thursday. The rate hit 4.15 percent two weeks ago, the lowest level on records dating to 1971.

The average rate on the 15-year fixed...

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