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 …
What’s Ahead For Mortgage Rates This Week – April 22, 2013
Mortgage rates fell for the third consecutive week. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage fell by two basis points to 3.41 percent as compared to last week’s 3.43 percent and 3.90 percent year-over-year. The average rate for a 15-year fixed rate mortgage was 2.64 percent as compared to …
What’s Ahead For Mortgage Rates This Week – April 15, 2013
Mortgage rates saw little change last week amidst mixed economic news. Treasury auctions held on Tuesday, Wednesday and Thursday saw weak demand; this could have been caused by the FOMC minutes that were released on Wednesday. The minutes indicated that some FOMC members supported ending the current quantitative easing (QE) program within a few months. …
What’s Ahead For Mortgage Rates This Week – April 8, 2013
Last week’s economic news includes several factors that drove U.S. mortgage rates lower. The Bank of Japan announced that it would increase its purchase of bonds by $1.4 trillion over the next two years. This news caused yields on Japanese bonds to fall, which made U.S. bonds more appealing to international investors, that in turn …
“What Is Your Interest Rate?”
“Where are mortgage rates at today?” “What is your interest rate?” “What is the rate for a 30 year fixed?” “What is the 15 year mortgage rate now?” “Can you get me a the 2% interest rate I see advertised from time to time?” In one form or another it is the same question, every day. …
