U.S. mortgage rates fall to record low: Freddie Mac
Reuters - Thu Dec 3, 11:42 am ETU.S. mortgage rates dropped to a record low in the latest week, as rates fell for a fifth straight week, a closely watched mortgage survey showed Thursday.
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U.S. mortgage rates dropped to a record low in the latest week, as rates fell for a fifth straight week, a closely watched mortgage survey showed Thursday.
Dec. 3 (Bloomberg) -- Mortgage rates for fixed 30-year loans in the U.S. dropped to a record low amid signs that the housing market is beginning to emerge from the worst slump since the 1930s.
WASHINGTON (AP) - The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs. The rate is the lowest since Freddie Mac began tracking the data in 1971.
People traveled to Charlotte from across the nation for the Neighborhood Assistance Corporation of America fair, which began Thursday morning and runs through Monday, Dec. 7.
The U.S. government’s efforts to revive the housing market help push mortgage rates down to record levels, making homes more affordable for buyers hunting for a good deal in a soft market.
Builders had to deal with new appraisal rules, limited lending, Chinese drywall, and more.
Government Campaign to Reduce Borrowing Costs Leads to Rate Drops
Making a case for a second term as head of the Federal Reserve, Ben Bernanke said today that he has the tools and the political backbone necessary to reel in massive economic support once the recovery is firmly rooted.
The following is being issued by Fannie Mae :
NEW YORK (Reuters) - U.S. mortgage rates dropped to a record low in the latest week, as rates fell for a fifth straight week, a closely watched mortgage survey showed Thursday.
He and Republican State Party Chairman Rob Gleason offered tips for President Obama at a news conference this morning.
The national average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs.
MCALLEN - Area homeowners at risk of foreclosur e will have the opportunity to meet face-to-face with financial counselors and mortgage lenders at the free Homeownership Preservation Workshop. What: Foreclosure/Homeownership Preservation Workshop When: Saturday , December 5, 2009 from 8:30 a.m. to 3 p.m. Where: South Texas College - Pecan campus (3201 West Pecan Blvd.) In addition, the Hidalgo ...
Average rates for 30-year and 15-year fixed mortgages fall to a record low this week.
Mortgage rates generally fell this week, with the average rate on 30-year fixed-rate mortgages reaching the lowest level in at least 38 years, according to Freddie Mac's (FRE) weekly survey.
By Alan Zibel Associated Press WASHINGTON - The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs.