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 9th 2010 6:04PM
The sky, apparently, is no longer falling: Just as many homebuyers began to believe that mortgage interest rates would never again increase, the average 30-year fixed rate ticked up to 4.35 percent this week, according to Freddie Mac, only the second time it has done so in the last 12 weeks. The average rate last week was... Continue Reading »
Aug 23rd 2010 1:40PM
Interest rates keep breaking records, dropping lower and lower, week after week. Fear of deflation and a double-dip recession pushed the average interest rate for a 30-year, fixed-rate home loan down to 4.42 percent, with an average origination fee of 0.7 percent. That's the lowest average rate since Freddie Mac began... Continue Reading »
Aug 20th 2010 11:54AM
Just when it seems like the bottom's dropped out, the average rate of 30-year fixed-rate mortgages has slipped again. According to Freddie Mac's Primary Mortgage Market Survey, 30-year fixed-rate mortgages averaged a rate of 4.42 percent, down from 4.44 percent last week. It marks the ninth straight week in which the rate... Continue Reading »
Jun 24th 2010 2:13PM
Interest rates for home loans are the lowest on record, despite months of predictions that they would rise. That's great news for the housing market. To whom do we owe thanks? Take a look in the mirror. American investors, from individuals to institutions, are helping to push down interest rates by buying up bonds,... Continue Reading »
