mortgage rates: Lowest Mortgage Rates In History
- 09/11/20 05:24 PM
Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers 31 Jul 2020 by Jordan Terry In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history.1 And while many Americans have rushed to take advantage of this unprecedented opportunity, others question the hype. Are today’s rates truly a bargain? While average mortgage rates have drifted between 4% and 5% in recent years, they haven’t always been so low. Freddie Mac began tracking 30-year mortgage rates in 1971. At that time, the national average was 7.31%.2 As the rate of inflation started to rise in the mid-1970s, mortgage rates … (1 comments)
mortgage rates: Why you missed the boat on record-low mortgage rates
- 06/25/13 08:49 AM
CNN Money reports that "borrowers who didn’t take advantage of the historically low interest rates likely have missed the opportunity to purchase or refinance using an ultra-low mortgage rate. In the past month, rates have been on the rise and are expected to continue to climb. Fannie Mae’s chief economist doesn’t believe mortgage rates will ever be that low again." To find out why this is probably the case, but to also learn the good news regarding mortgage rates, send an email to me to request the complete article. Peter@MarinRealtyExperts.com
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mortgage rates: Mortgage Rates are climbing higher
- 06/13/13 10:36 AM
Freddie Mac, the quasi-government corporation chartered by Congress in 1970 "to provide liquidity, stability and affordability to the U.S housing market" today released the results of its Primary Mortgage Market Survey® (PMMS®), showing " fixed mortgage rates climbing higher for the fifth consecutive week on concerns the Federal Reserve may slow its bond purchases amid a strengthening economy. This marks the first time the average 15-year fixed-rate mortgage has gone above 3 percent since the week of May 24th of last year." The survey also said that 30-year fixed rates "averaged 3.91 percent with an average 0.7 point for the week ending June … (0 comments)
mortgage rates: Mortgage rates to climb - Now is the time to buy!
- 02/15/10 12:51 PM
A front page article in this morning's San Francisco Chronicle is titled "Mortgage rates to climb as aid ends." The author, Carolyn Said, wrote that "The Federal Reserve is poised to turn off a major money spigot that has helped sustain the ailing real estate sector, as an extraordinary program under which the Fed has pumped $1.25 trillion into the mortgage market is slated to end March 31." The article goes on to quote various authorities, all of whom agree that this will cause home mortgage rates to to up. (The federal government stepped in to buy mortgage backed securities after the … (2 comments)
Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers 31 Jul 2020 by Jordan Terry In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history.1 And while many Americans have rushed to take advantage of this unprecedented opportunity, others question the hype. Are today’s rates truly a bargain?
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