The Default Service News stated that interest rates for 30-year and 15-year fixed-rate mortgages have fallen for five consecutive weeks, and this week both set a new all-time record low, Freddie Mac reported Thursday.  How long this will last remains to be seen.  It seems that 1st time homebuyers are driving the market given the tax credit.  And now that it’s been extended and expanded that should continue to increase housing sales as we turn the corner entering 2010.  Read more here.

interest rates, Mortgage Rates