You’ve probably been hearing all year long how mortgage interest rates were at record lows. Now, the final data is in. And it shows that 2011 had the lowest average interest rates in the 41 years that mortgage giant Freddie Mac has been tracking loan rates. Specifically, the U.S. average was 4.45% on the 30-year …
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New foreclosure actions in states along the country’s West Coast returned to levels in line with prior months during September, according to ForeclosureRadar, a California-based company that tracks every foreclosure in its five-state coverage area. The leveling off in September follows a strong surge in foreclosure starts during the month of August in the western …
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Industry data released Thursday show borrowing costs for home loans falling to new lows, slipping further from what was already reported as the lowest level for mortgage interest rates in more than a half-century. Economists attribute the continuing declines to ongoing employment concerns and economic uncertainty. Freddie Mac reports that all fixed- and adjustable-rate mortgage …
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Mortgage rates, for the most part, headed lower this week. Data from Freddie Mac shows that the 30-year fixed rate remained unchanged over the past week, while all other loan products in the GSE’s survey dropped. The 5-year adjustable-rate mortgage set a new all-time record low having fallen for the eighth consecutive week. According to …
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