As reported in the OC Register, 11/4/10

Adjustable-rate mortgages again fell to record lows while fixed-rate mortgages held steady this past week, Freddie Mac reported today.

Click on charts to enlarge

This marks the sixth straight week in which one mortgage type or another hit a record low.

Mortgage rates have been falling steadily in tiny increments since April as investors flock to the security of U.S. Treasuries  that influence home loan rates.

Freddie Mac Chief Economist Frank Nothaft noted also that since inflation is low, there’s no impetus to raise interest rates on long-term Treasury bonds.

“With little sign of inflation to push up long-term interest rates, fixed mortgage rates held relatively steady this week, while ARM rates hit new all-time record lows,” he said.

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