Rates on 30-year mortgages set new record low
WASHINGTON (AP) — The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week. The Federal Reserve is pumping $1.25 trillion into mortgage-backed securities to try to bring down mortgage rates, but that money is set to run out next spring. Add the $8000 tax credit, which also ends next spring and lower home prices, this is it, the bottom is here!
April 14th, 2010 at 7:30 pm
Been reading for a few days now. It was very helpful and solid information. BTW, I love your site design as well. I enjoyed reading it and hopefully you will write more soon. Do you have a newsletter? How do I subscribe to the blog itself?
May 21st, 2010 at 3:41 pm
I know this is really boring and you are skipping to the next comment, but I just wanted to throw you a big thanks - you cleared up some things for me!
December 30th, 2010 at 7:18 pm
Solid web site. I got massive good data. I’ve been watching this stuff for a while. It’s interesting how it keeps varying, yet some of the core components remain the same. Have you seen much change since Google made their most recent acquisition in the arena?