US mortgage rate under 4%

Average US 30 year mortgage rates have fallen under 4% (variable). The 15 year fixed rate has also fallen, to 3.26%.

However, widespread negative equity and more stringent qualification standards for mortgages mean that demand is expected to remain low.

http://www.ft.com/cms/s/0/568cbb3c-f025-11e0-977b-00144feab49a.html

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