Tag Archive | “U.S. housing”

U.S. Fixed Mortgage Rates Rise from Record Lows

Tags: , , , , , , , , , , , , , , ,


Home funding company Freddie Mac said on Thursday that in the past week U.S. fixed home loan rates were at above record lows, tracking bond yields higher following surprise improvement in November employment.

mortgage rates

0.10 percentage point rise in 30-Year mortgage

30-year mortgages averaged 4.81%, a rise of 0.10 percentage point from the the previous week, when it hit the lowest level since Freddie Mac started tracking it in 1971.

Historically Low mortgage rates – A response to government interventions

Historically low mortgage rates, are mainly a response to government interventions such as the purchase of more than $1.4 trillion in mortgage-related debt. These steps taken by the government are helping to restore the stability in hard-hit U.S. housing after a three-year dive.

Read the full story

 

September 2011
M T W T F S S
« Aug    
  1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30