Mortgage rates fell again last week and are again near record lows.
According to Freddie Mac, the average rate for a 15-year fixed rate mortgage did achieve a record low of 2.61 percent as compared to 3.1 percent one year ago.
The average rate for a 30-year fixed rate mortgage fell to 3.40 percent and near the record low of 3.31 percent. Continue reading
Last week’s economic news includes several factors that drove U.S. mortgage rates lower. Continue reading
Mortgage rates were lower last week as investors sought safety in bonds in the wake of US legislators’ failure to agree on budget cutbacks, and after Italyâs elections failed to reveal a leader committed to continuing economic reform. Continue reading
The Improving Market Index added 76 metropolitan areas in December as compared to the month prior. Continue reading
The Federal Open Market Committee (FOMC) begins a 2-day meeting today, its last of 8 scheduled meetings this year. Continue reading
Mortgage rates are performing surprisingly well after Friday’s release of the October 2012 Non-Farm Payrolls report. Continue reading
According to the U.S. Census Bureau, the number of new homes sold jumped to 389,000 units in September 2012 on a seasonally-adjusted, annualized basis. Continue reading
The FOMC adjourns from a 2-day meeting today. Mortgage rates are expected to change — perhaps by a lot. Continue reading
This week, for the first time since mid-June, the 30-year fixed rate mortgage rate climbed on a week-over-week basis, moving 6 basis points to 3.55%, on average. Continue reading
New construction housing is in a post-recession rally. Continue reading