Monday, May 3, 2010

The average rate on a 30-year fixed-rate mortgage was 5.07 percent this week, down from 5.21 percent a week earlier, mortgage company Freddie Mac said Thursday. Last week's average rate for a 30-year fixed mortgage had been the highest since mid-August, when it was 5.29 percent.

This week, the average rate on a 15-year fixed-rate mortgage was 4.40 percent, down from 4.52 percent. Rates on five-year, adjustable-rate mortgages averaged 4.08 percent, down from 4.25 percent a week earlier. Rates on one-year, adjustable-rate mortgages dipped to 4.13 percent from 4.14 percent.

Thursday, April 29, 2010

Mortgage Rates on 30-Year U.S. Loans Fall

U.S. mortgage rates were little changed as the Federal Reserve restated its plan to keep interest rates low for an “extended period.”

Rates for 30-year fixed loans slipped to 5.06 percent in the week ended today from 5.07 percent last week, Freddie Mac said in a statement. The average 15-year rate was 4.39 percent, the McLean, Virginia-based mortgage finance company said.
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Monday, April 12, 2010

NEW YORK (Reuters) - U.S. mortgage rates spiked last week, slashing refinancing demand, while requests for home purchase loans held steady
By now, you’ve undoubtedly heard the varying perspectives on mortgage rates from a number of mortgage analysts. The predictions range from mortgage rates remaining stable to mortgage rates skyrocketing. Each prediction is nothing more than an educated guess based on market stability. While some perspectives vary greatly, each argument as to where mortgage rates will be in 2011 do indeed incorporate some very convincing evidence. Let’s take a look at an example.

Friday, April 9, 2010

Blowing bubbles again?

When Alan Greenspan stepped down as chairman of the Federal Reserve in 2006, his reputation had reached iconic status in some circles. With the nickname "Maestro," he was hailed as the architect of the booming, low-inflation economy of the 1990s and early 2000s. "We think he has a legitimate claim," said Princeton University economists Alan Blinder and Ricardo Reis in 2005, "to being the greatest central banker who ever lived."
Rate on 30-year fixed mortgage jumps