U.S. Mortgage Rates for 30-Year Loans Fall to Record Low of 3.4%

U.S. Mortgage Rates for 30-Year Loans Fall to Record Low of 3.4%

Ty Wright/Bloomberg

Purchases of new U.S. homes fell 0.3 percent to a 373,000 annual pace in August, following a revised 374,000 rate in July that was the strongest since April 2010, figures from the Commerce Department showed yesterday.