Mortgage rates drop to new low (again)
WASHINGTON (AP) –Government-controlled mortgage buyer Freddie Mac said Thursday that the average rate for 30-year fixed loans this week was 4.49 percent, down from 4.54 percent last week. That’s the lowest since Freddie Mac began tracking rates in 1971.
On our July 8th blog we highlighted new low mortgage rates and now a month later, still lower. Our prediction is that when the rates start going up, like a coiled spring, they will shoot higher and faster than you have ever seen.
February 15th, 2011 at 6:06 am
While we’re on FSBO BLOG » Blog Archive » Mortgage rates drop to new low (again), Today’s lending environment is always fluctuating on a near daily basis, with new legislation being proposed, failed banks, and many other factors. Still, a good loan modification company should be able to give you some idea of how long the process is going to take.
April 7th, 2011 at 1:57 pm
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