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29 July 2010
4.69% on a 30-year fixed-rate loan
Mortgage rates slumped to record lows this week, Freddie Mac confirmed, with lenders on average offering 4.69% on a 30-year fixed-rate loan. The average rate on the 30-year loan fell from 4.75% last week, dropping below the previous record of 4.71% set Read More...
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12 March 2010
Rates still below 5%
Mortgage rates held below the 5 percent threshold, 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. Read More...
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04 March 2010
Jumbo Rates Drop
The average interest rate on 30-year fixed-rate jumbos dropped to 5.79%, a nearly five-year low , according to rate tracker Informa Research Services of Calabasas. It edged up to 5.88% on Tuesday, still very attractive by historical standards. The average Read More...
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09 October 2009
Rates are at Historic lows..see the graph
Please contact me (Thomas Ray:310-420-1149) to speak about what these historically low rates may mean to you. If you are waiting to buy, now may be the time. Search the MLS on my Site: www.LAexclusiveProperty.com My Blog: www.RealEstateBlogLA.com Read More...
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18 September 2009
10-year note fell to as low as 3.36%
INTEREST RATE UPDATE Current Trend Direction: Moving Sideways Risks Favor: Locking on the Dips Mortgage rates are lower this week as the yield on the benchmark 10-year note fell to as low as 3.36%, despite the continued rise in stocks. This week brought Read More...
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27 July 2009
Week in Review 7/27/09 Rates still Low!
Despite some volatile mid-week action, home loan rates closed out the week near the level where they had begun the week. The supply of unsold homes on the market dropped from the prior reading of 9.8 months down to 9.4 months - which is the best level Read More...
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