"We've seen an increase in both 15-year and 30-year loans … but more borrowers are going the 15-year fixed route than I've seen at any other time in my ...

Fannie Mae is getting back in the market for mortgages with no down payment, available to new home buyers in four states.

WASHINGTON -- Mortgage rates fell to the lowest level in decades for the 10th time in 11 weeks, as investors worried about the economy. The average rate for a 30-year fixed loan was 4.32 percent this week, down from 4.36 percent last week, mortgage buyer Freddie Mac said Thursday.

More people are choosing 15-year fixed-rate mortgages as opposed to 20 or 30 year loans. A recent study shows between January and June, 26 % of homeowners who refinanced chose the 15 year loan plan.

The loans are 30-year fixed mortgages, with mandatory homeownership counseling, available to people with credit scores of 680 and above (720 in ...