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Is this how the Feds spell "Relief"?

By
Real Estate Agent with CHAMBERLAIN REALTY BK0637452

 

 Long Term Mortgage Rates go on Almost Unchanged.....

 McLEAN, VA -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.46 percent with an average 0.5 point for the week ending September 6, 2007, up from last week when it averaged 6.45 percent. Last year at this time, the 30-year FRM averaged 6.47 percent.

Read the rest of the story:

http://realtytimes.com/rtcpages/20070907_rates.htm

Show All Comments
New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
RE/MAX Properties Unlimited, Real Estate - Morristown, NJ
The fed needs to #@#@ or get off the pot already.  where is greenspan when we need him.
Sep 07, 2007 05:46 AM
Gareth Bourriague
Benchmark Mortgage of Louisiana - Baton Rouge, LA
Benchmark Mortgage

That may be the national average, but today's 30-year FRM is at 6%.

Of course, this has nothing to do with the Fed - investors are fleeing to bonds.  If the Fed lowers the rate on 9/18, you probably won't see an immediate improvement anyway.  That's not how it works!

Sep 07, 2007 06:37 AM
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