Archive for the Interest Rate Information Category

3 December 2009
By ALAN ZIBEL (AP)
Link: http://www.google.com/hostednews/ap/article/ALeqM5hPHFMSZDHZNqzg3uDQ1tvmGdoq4wD9CBV34G0
.
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. The rate, published Thursday by Freddie Mac, is the lowest since the mortgage finance company began tracking [...]

.
This email just came to me this morning from my mortgage guy.  I tend to agree with him based on some of the things I have been reading lately on cnbc.com.  Take for example this article http://www.cnbc.com/id/33616897 which talks about the unwinding of the artificially cheap credit we have had access to in the last [...]

I have just started reading a book published in 1989,”Secrets Of The Temple, How The Federal Reserve Runs The Country.” I know that most people have no interest in the fiscal policy of the Federal Reserve except for how it affects us individually. However, it has been interesting to read about the events [...]

Source: Milwaukee Journal Sentinel Business Section
Date: 17 July 2009
Rates for 30-year home loans dropped for the third-straight week, inching toward a record low reached this year, Freddie Mac said Thursday.  The average rate for 30-year fixed mortgages was 5.14% this week, down from 5.2% last week.  Last year at this time, the average rate for [...]

Source: Real Estate Section Milwaukee Journal Sentinel 5 July 2009

Source: Real Estate Section Milwaukee Journal Sentinel 28 June 2009
30-year mortgage rates are up again
Associated Press Washington- Rates for 30-year home loans edged up last week, remaining above record lows reached over the spring.  The average rate for a 30-year fixed mortgage was 5.42%, up from 5.38% a week earlier, mortgage company Freddie Mac said [...]

Source: Real Estate Section Milwaukee Journal Sentinel 21 June 2009
Rates for 30-year loans fall after 7-month high
Washington- Rates for 30-year home loans fell back last week after soaring to the highest level in seven months a week earlier.  The average rate for a 30-year fixed mortgage was 5.38%, down from 5.59% a week earlier, mortgage [...]

Source: Real Estate Section Milwaukee Journal Sentinel 14 June 2009
Mortgage rates jump, slowing refinancing
Rates for 30-year home loans jumped to the highest level in seven months this week, leading to a slowdown in refinancing activity, Freddie Mac said.  The average rate for a 30-year fixed mortgage was 5.59% last week, up from 5.29% the previous [...]

Source: Real Estate Section Milwaukee Journal Sentinel 24 May 2009
Low interest sparks refinancings

Mortgage rates hover below 5%
AP-Washington- Rates on 30-year mortgages inched downward last week, remaining below 5% for the tenth-consecutive week and just above record lows. Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year, fixed-rate mortgages dipped slightly [...]

Source: Real Estate Section Milwaukee Journal Sentinel 17 May 2009