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"Fixed mortgage rates continued to fall last week after the yield on 10 year Treasuries dropped to their lowest point of the year," said Frank Nothaft, vice president and chief economist, Freddie Mac. "Existing home sales beat expectations in September clocking in at an annual rate of 5.17 million units, up 2.4 percent from August. Housing starts were up 6.3 percent in September adding a seasonally adjusted annual rate of 1.017 million units. Building permits rose 1.5 percent to a seasonally adjusted annual rate of 1.018 million units in September."
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