By Gregory Arzumanov -
Nov. 14, 2008 – Mortgage rates dropped for a second straight week, reflecting the impact the weakening economy is having on financial markets.
Freddie Mac, the mortgage giant, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.14 percent this week, down from 6.20 percent last week. It marked a sharp decline [...]
WASHINGTON – Oct. 24, 2008 – Rates on 30-year U.S. mortgages dropped sharply this week, falling to the lowest level in five weeks.
Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.04 percent this week, down from 6.46 percent last week. The sharp decline pushed 30-year rates down to the lowest level since [...]
U.S. fixed-rate mortgages declined in the latest week, according to Freddie Mac’s survey released Thursday. The national average interest rate on the benchmark 30-year, fixed-rate loan averaged 6.04% in the week ending Thursday, down from last week’s 6.46% and the year-ago 6.33%. The 15-year fixed-rate loan averaged 5.72%, down from the week-ago 6.14% and the [...]
WASHINGTON – Oct. 17, 2008 – Rates on 30-year mortgages jumped to the highest level in eight weeks, squeezing some potential homebuyers out of the market, and reflecting how nervous lenders remain despite the massive global intervention in the credit markets.
Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.46 percent this week, [...]
Rates on 30-year mortgages fell below 6 percent this week, the first decline in three weeks.
Freddie Mac, the mortgage company, reported that 30-year fixed-rate mortgages averaged 5.94 percent this week, down from 6.10 percent last week.
Mortgage rates have been on a roller coaster, hitting a high for the year of 6.63 percent in late July [...]
Rates on 30-year mortgages have risen for a second straight week, climbing to the highest level in a month.
Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.10 percent this week, up slightly from 6.09 percent last week. It was the highest level since 30-year mortgages averaged 6.35 percent for the week [...]
Rates on 30-year mortgages dropped sharply again this week, falling to the lowest level in seven months.
On Thursday, Freddie Mac’s nationwide survey found that 30-year, fixed-rate mortgages had declined to 5.78 percent from 5.93 percent the previous week.
It was the fifth consecutive weekly decline and dropped the 30-year mortgage rate to the lowest level since [...]
With financial institutions reeling from coast to coast, what does it all mean to the housing and mortgage markets whose problems triggered these catastrophes?
Believe it or not, the past eight days provided a dose of good news, at least in the short term, because mortgage rates are down. Long-term impact is harder to predict – [...]
U.S. home builders grew more confident about their business in early September, with builder sentiment rising for the first time in seven months, a national industry trade group reported Tuesday.
The builders’ sentiment index rose to 18 in September, from a record low 16 in August, the National Association of Home Builders said. Still, the index [...]
Interest rates on U.S. 30-year, fixed-rate mortgages dropped by 0.42 percentage point in the past week, the biggest seven-day drop in more than 28 years, Freddie Mac says. The fixed rate is now at its lowest in five months.
The fall was driven by the U.S. government’s bailout of the mortgage lender and its larger counterpart, [...]