Tag Archives: mortgage rates

Today’s homeowners face a world of modern concerns

The American dream can keep you up at night. Read More

A look at mortgage rates in the past decade

For anyone thinking of becoming a homeowner, falling prices aren’t the only reason to buy soon. Read More

What’s better: Owning a home or renting?

After the steep drop in the housing market revealed cracks in the decades-held belief that there was minimal financial risk in owning a home, does it still make sense to buy a house? Read More

Era of super-low mortgage rates appears to be over

The days of the absurdly low mortgage rate are over.

The average rate for a 30-year home loan rose above 5 percent this week for the first time since last April — just as Americans are feeling more secure in their jobs and confident about the economy, and just before the big spring home-buying rush. Freddie Mac said Thursday, February 10, that the average rate was 5.05 percent, almost a full percentage point higher than in November, when it hit a 40-year low. Read More

AP survey: Outlook for 2011 economy is brightening

Employers will hire more workers this year, and the economy will grow faster than envisioned three months ago, according to an Associated Press survey that found growing optimism among leading economists. But unemployment will stay chronically high — nearly 9 percent by year’s end, the latest quarterly AP Economy Survey shows. A majority of economists say it will be 2016 or later before unemployment drops to a historically normal rate of around 5 percent Read More

Builders glum on housing market despite uptick

Builders are pessimistic about the housing market, but are seeing a little more foot traffic after the worst summer for home sales in a decade . . . read more Read More

Scarcity of jobs puts more at risk of foreclosure

The jobs crisis is putting more Americans at risk of losing their homes.

One in 10 households has missed at least one mortgage payment, and more than 2 million homes have been repossessed . . . read more “> . . . read more Read More

Average mortgage rates hit low of 4.42 percent

Mortgage rates fell to the lowest level in decades for the eighth time in nine weeks, a sign that investors are concerned about the weak economy.

The average rate for 30-year fixed loans this week was 4.42 percent, down from 4.44 percent last week, mortgage buyer Freddie Mac said Thursday, August 19… Read More

Summary Box: Mortgage rates lowest in decades

RATES STAY LOW: Mortgage rates were unchanged this week, July 12, from a week earlier. Government-sponsored mortgage buyer Freddie Mac said the average rate for 30-year fixed loans this week was 4.57 percent.

STILL LOWEST IN DECADES: The week’s average rate was the lowest since Freddie Mac began tracking rates in 1971. The last time home loan rates . . . read more Read More

Mortgage rates sink to lowest this year

Mortgage rates have fallen to the lowest level of the year as investors poured money into the safe haven of U.S. government securities.

The average rate on a 30-year fixed rate mortgage dipped to 4.78 percent this week from 4.84 percent a week earlier, mortgage company Freddie Mac said Thursday, May 27. It was the lowest level since early December, when rates fell to a record low of 4.71 percent.

The average rate on a 15-year fixed-rate mortgage fell this week to 4.21 percent . . . read more Read More

Homebuyers scramble as mortgage rates jump

The era of record-low mortgage rates is over.

The average rate on a 30-year loan has jumped from about 5 percent to more than 5.3 percent in just the past week. As mortgages get more expensive, more would-be homeowners are priced out of the market — a threat to the fragile recovery in the housing market. . . . read more Read More

Mortgage rates remain below 5 percent

Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire.

The average rate on a 30-year fixed rate mortgage was 4.95 percent this week, down from 4.97 percent a week earlier, mortgage finance company Freddie Mac said.

Rates dropped to a record low of 4.71 percent in December and have hovered around 5 percent since, kept down by a Federal Reserve campaign to stabilize the housing market by lowering mortgage rates. . . . read more Read More