30-Year Mortgage Rates Fall to 9-Month Low

"Borrowing costs are declining as the U.S. economic recovery shows signs of faltering. Federal Reserve policy makers pledged Aug. 9 to keep interest rates at record lows through mid-2013 to bolster an economy that was growing "considerably slower" than they previously projected. The yield on the 10-year Treasury note, a guide for consumer loans including mortgage rates, hit an all-time low after the Fed's announcement."