Historical archive
Captured from the previous Refinance News site. Rates, offers and information reflect their original publication dates and may be out of date. Original text and links are retained; interactive features, images and embedded scripts are not included.
View the current weekly rate report →Stay informed of mortgage industry news, mortgage rates and guide line updates at RefinanceNews.com Use our blog to assist with your refinance decision, purchase loan or mortgage related occupation.
Pages
Wednesday, May 23, 2012
Mortgage Rates Hit All Time Low!!!
Average rates for 30-year and 15-year fixed mortgages fell to record lows for a third straight week. According to Freddie Mac, the average rate on 30-year loans dipped to 3.79% decreasing 3.83% compared to last week. These are lowest mortgage rates since long term mortgage loans began in the 1950s.
The decline has made home buying and ownership more affordable spurring home sales and refinance applications. Speak with a local mortgage professional to get an understanding of what rate you qualify for.
Subscribe to:
Post Comments (Atom)
About Me
I'm a licensed mortgage professional that has been helping borrowers for the past 8 years refinance and obtain mortgages for new homes. I enjoy providing helpful mortgage information to people interested in financing their home. Feel free to contact me with any questions about your mortgage situation.
Labels
- Foreclosure (1)
- Modification (1)
- Mortgage News (6)
- Mortgage Tip (1)
- new gfe (3)
- new good faith estimate (3)
- page 3 (1)
- Rate Updates (7)
- Refinance News (7)
- Refinance Tips (2)
- Tax Credit (3)