Thursday, December 8, 2011

Fixed Mortgage Rates at historic lows, but still no lift in residential housing markets

Freddie Mac said Thursday the rate on the 30-year home loan ticked down to 3.99 percent from 4 percent the previous week. It dropped to a record low of 3.94 nine weeks ago, according to theNational Bureau of Economic Research.
The average rate on the 15-year fixed mortgage was edged down to 3.27 percent from 3.30 percent. Nine weeks ago, it too hit a record low of 3.26 percent.
Rates have been below 5 percent for all but two weeks this year. Yet this year could be the worst for home sales in 14 years.



http://finance.yahoo.com/news/fixed-mortgage-rates-hover-near-150504477.html

1 comments:

Anonymous said...

I'd like to think property buyers are getting smarter. Mortgages can look attractive at first, but buyers know how to evaluate the best offers.

---
IT contractor mortgage

Post a Comment

Twitter Delicious Facebook Digg Stumbleupon Favorites More

 
Powered by Blogger