RATES HIT YEARLY LOWS: Freddie Mac said the average rate on a 30-year fixed mortgage fell to 4.63 percent and the average rate on the 15-year fixed loan slipped to 3.82 percent. Both are lows for the year.
ON THE SLIDE: The fourth straight weekly decline has made buying or refinancing more attractive for Americans.
OBSTACLES REMAIN: Job concerns and strict lending standards have kept many buyers on the sidelines. Others who could afford to buy are holding off, worried that foreclosures will continue to force down home prices.