Mortgage rates look primed to go to new generational lows.
But if the housing-market recovery is fading, will another drop in loan rates be enough to rekindle demand? » Read more…
Tag Archives: tax credit
Unhappy couple: Falling mortgage rates and fading housing demand
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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Mortgage rates hit all-time low, but lending activity remains quiet
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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The average rate on a 30-year fixed-rate mortgage dropped to 4.69 percent this week from 4.75 percent last week, Freddie Mac reported Thursday. That marks the lowest level since the company started tracking the data in 1971 and breaks the most recent low set in December. Rates have hovered below 5 percent since early May. » Read more…
US 30-yr mortgage rates drop in latest wk-Zillow
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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Interest rates on 30-year fixed mortgages dropped in the latest week to a record low, real estate website Zillow.com reported on Tuesday, as global financial jitters sent investors into safe-haven U.S. debt. » Read more…
Mortgage Applications in U.S. Rise 6.7% as Homeowners Move to Refinance
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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An index of mortgage applications in the U.S. rose last week to the highest level since October as more Americans took advantage of lower interest rates and refinanced. » Read more…
Mortgage rates have set another record low
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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The mortgage rates have decreased for two consecutive weeks in response to the expiration of a federal tax credit. Due to the expiration of the said federal tax credit, there has also been a decline in the sales of the housing market. And as there was a decline in the sales, there was also the decline in the mortgage rates. » Read more…