ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL - 08/06/2012
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ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL
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ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL
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Mortgage rates bounced off record lows this week as the Federal Reserve offered few clues as to whether it will unleash another round of asset purchases to stimulate the economy. Looking back a week, homeowners were rushing to refinance at levels not seen since 2009.
Rates on 30-year fixed-rate mortgages (FRMs) averaged 3.55 percent with an average 0.7 point for the week ending Aug. 2, up from 3.49 percent last week but down from 4.39 percent a year ago, Freddie Mac said in reporting the results of its weekly Primary Mortgage Market Survey. Last week's rate for 30-year fixed-rate loans was an all-time low in Freddie Mac records dating to 1971.
For 15-year fixed-rate mortgages, rates averaged 2.83 percent with an average 0.6 point, up from 2.8 percent last week but down from 3.54 percent a year ago. Last week's rate for 15-year fixed-rate mortgages was a low in records dating to 1991.
ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL
Rates on five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 2.75 percent this week with an average 0.6 point, up from 2.74 percent last week but down from 3.18 percent a year ago. Last week's rate for five-year ARMs was a low in records dating to 2005.
ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL
Wrapping up a two-day meeting yesterday, a Federal Reserve committee responsible for setting monetary policy gave little indication on whether the Fed will or will not launch a third round of quantitative easing, or "QE3."
ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL
Lower gasoline prices have curbed inflation, and the committee said it will closely monitor economic and financial developments, providing "additional accommodation as needed to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability."
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