Dec 28th 2010 6:30AM
With mortgage interest rates traveling for months between around 4.2% to around 4.45%, mid-December suddenly brought new spikes with rates spiking as high as 5.19%, a six-month high. The sudden yo-yo has left many consumers (and even experts) scratching their heads: Are mortgage interest rates really going up?... Continue Reading »
Jun 25th 2010 12:57PM
The "lowest mortgage rates ever" are spurring an intensified interest in residential real estate. But the news media agree that it's much harder to qualify for a mortgage than it used to be, making the benefits of the super-duper rates harder to spread around. Home sales and mortgage applications are down. And Fannie Mae... 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 »
Apr 16th 2010 6:30AM
Worried about interest rates? If you're looking for a home loan, you can breath a little sigh of relief: after inching up in recent weeks, average interest rates fell back to their near-historic lows. Average interest rates for 30-year home loans slid to 5.07 percent (plus 0.6 percent in fees) for the week ending April... Continue Reading »
Dec 13th 2009 11:00AM
Average interest rates crept up from last week's record low, according to the economists at Freddie Mac. The average interest rate for a 30-year home fixed-rate mortgage climbed to 4.81 percent, according to the Freddie Mac's Primary Mortgage Market Survey, released December 10. That's up from 4.71 percent the week... Continue Reading »
