Mortgage rates probe new lows

Eight out of 10 loan applications are for refis By Inman News, Thursday, February 2, 2012  Inman News® Mortgage rates plunged to new all-time lows this week as investors in bonds that fund most home loans reacted to news that the economy grew more slowly than expected during the last three months of 2011. Freddie …

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Rates on 30-year mortgages hit record low

15-year fixed-rate mortgages also ties lowest rate on record CHICAGO (MarketWatch) — Interest rates charged on 30-year fixed-rate mortgages hit a record low this week, averaging 3.91%, according to Freddie Mac’s weekly survey of conforming mortgage rates. “Rates on 30-year fixed mortgages have been at or below 4% for the last eight weeks and now …

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Job Loss Could Put One in Three Out of Their Home

One in three Americans would be unable to make their mortgage or rent payment beyond one month if they lost their job, according to the results of a national survey taken in mid-September. Despite being more affluent, the poll found that even those with higher annual household incomes indicate they are not guaranteed to make …

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Fixed Mortgage Rates Sink to Lowest on Record

Fixed mortgage rates fell to all-time record lows this week following the Federal Reserve’s announcement of “Operation Twist.” The central bank’s new stimulus policy entails reinvesting principal payments from its holdings of GSE debt and mortgage-backed securities back into new mortgage bonds issued by Fannie Mae and Freddie Mac. The Fed also intends to purchase …

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