Feb 3rd 2012 11:50AM
WASHINGTON -- The average rate on the 30-year-fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. But even with the cheapest rates in history, the housing market remains depressed. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.87... 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 »
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 »
Jul 21st 2010 11:44AM
Just when many started believing that home sales wouldn't pick up, no matter how low interest rates dropped, the Mortgage Bankers Association registered a slight rise in new mortgage applications. Last week, as 30-year-fixed mortgage rates dropped to around 4.59 percent, new mortgage applications increased 3.4 percent. And... Continue Reading »
May 25th 2010 9:00AM
Europe just delivered the U.S. housing market a pleasant surprise for summer. Thanks to the financial chaos across the pond, experts are forecasting that mortgage rates may fall to 4.5 percent over the next few months, rather than shoot up to 6 percent, as previously predicted. This could provide the historic opportunity... Continue Reading »
