rick bauer real estate auctioneer: Mortgage Rates Fall to Record Lows Due to Disappointing Economic Data
- 06/28/10 02:47 PM
Following a run of disappointing economic data – from housing, to jobs, to consumer spending – mortgage rates fell to record lows for the week ending June 24, 2010, Freddie Mac and Bankrate reported.According to Freddie Mac’s Primary Mortgage Market Survey, 30-year fixed-rate mortgages averaged 4.69 percent with an average 0.7 point this week, down from last week’s average of 4.75 percent. This, Freddie Mac said, is the lowest rate recorded since it began collecting rates for 30-year fixed loans in April 1971.Freddie Mac also reported a decline in 15-year fixed-rate mortgages, which averaged 4.13 percent with an average 0.6 point … (2 comments)
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Rick Bauer
St Louis MO Real Estate Auctioneer Realtor CAI GRI
Father Time Auctions is a full service provider of real estate disposition services including live open-outcry, sealed bid and online real estate auctions. Residential / Commercial / Farm and Land
We are Real Estate Brokers and Agents that sell real estate to the highest bidder at auction.
Following a run of disappointing economic data – from housing, to jobs, to consumer spending – mortgage rates fell to record lows for the week ending June 24, 2010, Freddie Mac and Bankrate reported.According to Freddie Mac’s Primary Mortgage Market Survey, 30-year fixed-rate mortgages averaged 4.69 percent with an average 0.7 point this week, down from last week’s average of 4.75 percent. This, Freddie Mac said, is the lowest rate recorded since it began collecting rates for 30-year fixed loans in April 1971.Freddie Mac also reported a decline in 15-year fixed-rate mortgages, which averaged 4.13 percent with an average 0.6 point … (2 comments)
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