Aug 18th 2011 2:00PM
WASHINGTON - The average rate on a 30-year fixed mortgage has fallen to its lowest level on records dating to 1971. The rate on the most popular mortgage dipped to 4.15 percent from 4.32 percent a week ago, Freddie Mac said Thursday. Its previous low of 4.17 percent was reached in November. The last time long-term... Continue Reading »
May 24th 2011 10:45AM
As mortgage interest rates dangle near record lows, more homeowners are doing away with their 30-year loans in favor of shorter alternatives, reports the L.A. Times. And when you can get away with a seven-year fixed-rate mortgage for just 3 percent, why not? That is, provided you have the cash to take advantage of this... Continue Reading »
Feb 9th 2011 7:00AM
The days of ultra-cheap loan rates may be on the wane as the decline in mortgage applications this week clearly underlines. The mortgage application index, as compiled by the Mortgage Bankers Association, fell 5.5 percent for the week ending Feb. 4. Meanwhile, the average 30-year fixed-rate interest rate surged to a... Continue Reading »
Nov 18th 2010 5:00PM
Mortgages jumped to their highest rate since early August on Thursday amid fears of inflation and a major bond sell-off. It marks the first rate increase in eight weeks. Rates on 30-year fixed-rate mortgages averaged 4.39 percent, up dramatically from last week's 4.17 percent, according to Freddie Mac's primary mortgage... Continue Reading »
Sep 2nd 2010 6:06PM
It seems implausible -- even impossible -- yet here we are again. For the 10th time in the last 11 weeks, conventional mortgage interest rates dropped to a new historic low. The average 30-year fixed rate hit 4.32 percent for the week finishing Sept. 2, a drop from the previous week's 4.36 percent, according to Freddie... Continue Reading »
