The survey concluded that the 30-year fixed-rate mortgage averaged 3.89 percent, with an average 0.7 point for the week ending January 12, 2012, down from last week when it averaged 3.91 percent.
"Mortgage rates started the year near record lows which should continue to aid the ongoing housing recovery. New home sales rose in November to a two-year high and were up 15.3 percent from the previous November.
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Lower mortgage rates are proving to be a boon for home shoppers this summer. The 30-year fixed-rate loan has stayed near a 3.8% average for the third consecutive week, after consistent declines in late spring.
(MoneyWatch) Mortgage rates continue to hover near record lows, according to Freddie Mac data released Thursday. The news comes on the heels of October’s employment report, which shows the economy.
Mortgage rates started the year near record lows which should continue to aid the ongoing housing recovery. New home sales rose in November to a two-year high and were up 15.3 percent from the previous. Mortgage rates record low for the average 30.
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Mortgage Rates Continue to Hover Near Lows Fixed-rate mortgages mostly held steady this week near their all-time lows, keeping the purchasing power of home buyers high. Thirty-year fixed-rate mortgages, the most popular choice among home shoppers, has been below 4 percent every week this year except for one, Freddie Mac reports in its weekly.
U.S. mortgage rates reached new record lows in the latest week as economic data raised the appeal of safe-haven government debt, according to a survey released on Thursday by Freddie Mac, the.
Freddie Mac’s most recent Primary Mortgage Market Survey® (PMMS®), shows mortgage rates declining amid continued weak economic and housing data. While the 30-year fixed held steady at 4.22 percent, the 5-year ARM set a new all-time record low having fallen for the eighth consecutive week and now standing at 2.96 percent.
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Home sales in June dipped slightly from the previous month and continue. bottomed out with rates last week. I wouldn’t be.
Toronto home prices up but rising mortgage rates could spell trouble The outstanding debt for personal lines of credit are up 800% since the turn of the century. Mortgage. rising debt levels, there could be major trouble. And, as we’ll see in the next section,
The average rate on a five-year adjustable-rate mortgage fell to 2.96 percent. That’s the lowest rate on records dating to January 2005. It was the fifth straight week of record lows for this type.