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With Mortgage Rates Rising, Homeowners Consider Refinancing

With Mortgage Rates Rising, Homeowners Consider Refinancing

Comstock/Thinkstock(WASHINGTON) — With fixed mortgage rates the highest in a year, homeowners may have missed the boat on the record-low mortgage rates of the last year, but there’s no need to panic if you’re still considering refinancing, said Frank …

Mortgage Rates Drop to Record Low Again

Mortgage Rates Drop to Record Low Again

Comstock/Thinkstock(NEW YORK) — Fixed mortgage rates dipped to a record low for the second consecutive week as borrowing costs remain low to support the housing recovery.The 30-year fixed-rate mortgage fell to 3.31 percent for the week ending Nov. 21,…

Mortgage Rates Hit Record Low for Second Week

Mortgage Rates Hit Record Low for Second Week

Digital Vision/Thinkstock(NEW YORK) — Mortgage rates reached an all-time low for the second consecutive week amid the Federal Reserve’s purchase of securities and “indicators of a weakening economy,” government-sponsored Freddie Mac …

LIBOR Proposals Unlikely to Affect US Borrowers Soon

LIBOR Proposals Unlikely to Affect US Borrowers Soon

Digital Vision/Thinkstock(NEW YORK) — A proposal to revamp the London Interbank Offered Rate, or LIBOR, could restore some confidence in the global interest rate that is widely used for bond yields and mortgage rates in the U.S., analysts say.The Brit…

LIBOR Proposals Unlikely to Affect US Borrowers Soon

LIBOR Proposals Unlikely to Affect US Borrowers Soon

Digital Vision/Thinkstock(NEW YORK) — A proposal to revamp the London Interbank Offered Rate, or LIBOR, could restore some confidence in the global interest rate that is widely used for bond yields and mortgage rates in the U.S., analysts say.The Brit…

Mortgage Rates Fall Once Again

Mortgage Rates Fall Once Again

Digital Vision/Thinkstock(NEW YORK) — Those incredible shrinking mortgage rates fell once again in the past week to yet another record low of 3.49 percent for a 30-year fixed loan, Freddie Mac reported on Thursday.The 15-year fixed-rate mortgage fell …

Mortgage Rates Hit Another Record Low

Mortgage Rates Hit Another Record Low

iStockphoto/Thinkstock(WASHINGTON) — The average fixed mortgage rates reached all-time record lows again following June’s poor unemployment report.
Freddie Mac reported the 30-year fixed-rate mortgage fell to 3.56 percent for the week ending Jul…

Mortgage Rates: Another Record Low

Mortgage Rates: Another Record Low

Zoonar/Thinkstock(WASHINGTON) — Average fixed mortgage rates continued to fall to all-time record lows amid stalled consumer spending and manufacturing activity, government-sponsored Freddie Mac reported today.The 30-year fixed-rate mortgage averaged …

Nationwide Mortgage Rates Fall

Nationwide Mortgage Rates Fall

iStockphoto/Thinkstock(NEW YORK) — According to Freddie Mac, the average 30-year fixed mortgage is at the lowest ever rate for the seventh time in eight weeks.
The rate is now 3.66 percent down from 3.71 percent last week. The average rate on 15-year …

Mortgage Rates Boast Six Week Streak of Record Lows

Mortgage Rates Boast Six Week Streak of Record Lows

Zoonar/Thinkstock(WASHINGTON) — The average rate on a 30-year mortgage dropped to a record-low of 3.67 percent, while the 15-year rate is down to 2.94 percent. This is the sixth straight week of record lows for fixed rate mortgages.Homeowners are not …

Mortgage Rates Fall Again

Mortgage Rates Fall Again

Zoonar/Thinkstock(WASHINGTON) — Right now could be the best time to buy a home – if you qualify. Prices are close to 10-year lows in most markets, and rates for 30-year fixed mortgages are at their cheapest ever.Mortgage buyer Freddie Mac says t…

Mortgage Rates Fall to Another Record Low

Mortgage Rates Fall to Another Record Low

Digital Vision/Thinkstock(WASHINGTON) — Another week and another record low for mortgage rates. The average rate for a 30-year fixed loan fell to 3.83 percent in the week ended Thursday, Freddie Mac said in a statement.The average 15-year rate fell to…

Mortgage Rates Hit New Record Lows

Mortgage Rates Hit New Record Lows

Zoonar/Thinkstock(WASHINGTON) — The average rate for a 15-year fixed-rate mortgage hit a record low of 3.88 percent for the week ending April 12, according to Freddie Mac.The rate fell .10 percent from the previous week and is .01 percent below the pr…

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