The average rate for the conventional 30-year fixed mortgage has dropped below the 4 percent mark for the first time in history, according to numbers released Thursday by Freddie Mac. The GSE’s market analysis also shows that the 15-year fixed rate – which has become a popular refinancing option among existing homeowners – fell to …
Continue reading ‘Thirty-Year Mortgage Rate Falls Below 4%’ »
Interest rates on home loans offered up a mixed bag of results this week, with fixed-rate mortgages showing no change or dipping slightly and adjustable-rate mortgages ticking upward, according to data released Thursday by Freddie Mac. Even with the inconsistencies, mortgage rates across the board remain near their record lows. Those lows may drop farther …
Continue reading ‘Mortgage Rates Mixed This Week but Expected to Head Lower’ »
The problems with the downgrade in U.S. Treasuries and the debt crisis here and abroad are adding another layer of uncertainty to an already uncertain marketplace right now. The main question for housing in particular is where mortgage rates are headed. S&P’s Downgrades US Treasuries and Fannie & Freddie… Standard & Poor’s downgraded the U.S. …