Mortgage Rates Back Down to Historic Lows

3.53 percent was the average on 30 year fixed rate loans according to a Freddie Mac survey released last week.  An Inman News article, dated Feb. 7, also said that “Demand for purchase loans up 16 percent from a year ago” and up 2 percent in from the prior week in the last week of January.  Rates on 15 year fixed rate loans are also down averaging 2.77 percent.  Click here to read the Inman News article.