Jul 25th 2012 2:00PM
By Jeff Brown When applying for a mortgage, should you pick a 15-year or 30-year loan? In a perfect world, you might pick something else -- 12 years or 23 years, for instance -- to get just the right combination of affordable payment and minimal interest expenses. Now Quicken Loans has launched an unusual mortgage... Continue Reading »
Jun 21st 2012 4:00PM
By Marcy Gordon WASHINGTON -- The average U.S. rate on a 30-year fixed mortgage fell this week to a record low for the seventh time in eight weeks. Cheap mortgages have helped drive a modest recovery in the weak housing market this year. Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan... Continue Reading »
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 »
