Posts with tag low mortgage rates

Carlo Johnson, a 28-year-old mid-level professional at the Department of Defense, is doing something he never thought possible so early in his career: moving out of his low-rent Baltimore apartment and buying a house with his fiancée in the Washington, D.C., metro area. On Thursday, he was taking a second look at... Continue Reading »

By Marcy Gordon WASHINGTON -- Average U.S. rates on 30-year and 15-year fixed mortgages this week fell to fresh record lows for the sixth straight week. Cheap mortgages continue to help boost prospects for home sales this year. Mortgage buyer Freddie Mac says the average rate on the 30-year loan dropped to 3.67 percent.... Continue Reading »

This may fall under the category of "too much of a good thing," but there is growing sentiment that the historically low interest rates on mortgages are actually fueling the stagnation of the housing market. By keeping rates low, the hope was that more people would be motivated to buy homes. And when that didn't happen,... Continue Reading »

WASHINGTON -- The average rate on the 30-year fixed mortgage fell to 3.94 percent this week, the lowest rate ever. For those who can qualify for the historically low rate, it's an extraordinary opportunity to buy or refinance. Freddie Mac says the average rate on a 30-year fixed mortgage dropped from 4.01 percent last... Continue Reading »

WASHINGTON -- Mortgage rates have reached their lowest levels in six decades, making this the best time in most Americans' lives to buy or refinance a home. For people who qualify, today's rates could save thousands of dollars a year. Yet most people can't take advantage. Half of would-be buyers say they'll never save... Continue Reading »