- February 01, 2012 - Mortgage Plan Aims at Refinancing
- January 17, 2012 - Mortgage and Housing Trends in Winter 2012
- January 13, 2012 - Fixed Mortgage Rates hit record low - again
February 01, 2012 - Mortgage Plan Aims at Refinancing
President Obama on Wednesday announced a new package of legislation that, if approved by Congress, would make it easier for millions of homeowners to refinance at today’s low interest rates.
January 17, 2012 - Mortgage and Housing Trends in Winter 2012
Thinking of buying a home? Don't take too long. There is no question this is still a buyers' market, but you'll find with a wave of investors in search of good deals, the bargain homes are selling at a much quicker pace. The low prices and low mortgage rates won't disappear overnight, but they won't last forever.
January 13, 2012 - Fixed Mortgage Rates hit record low - again
Fixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes. Freddie Mac said yesterday the average rate on the 30-year fixed mortgage fell to 3.89 percent. That's below the previous record of 3.91 percent reached three weeks ago. Records for mortgage rates date back to the 1950s.
The average on the 15-year fixed mortgage ticked down to 3.16 percent. That's down from a record 3.21 percent three weeks ago.
Mortgage rates are lower because they track the yield on the 10-year Treasury note, which fell below 2 percent. They could fall even lower this year if the Fed launches another round of bond purchases, as some economists expect.
