A home for sale in Kildeer, Ill. (Scott Olson/Getty Images)
U.S. mortgage rates fell in the latest week to the lowest on record and posted their ninth drop in the last ten weeks, Freddie Mac said on Thursday. Get the full story »
Freddie Mac
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Mortgage rates keep falling; now at 4.42%
Homes in Oak Park. (Antonio Perez/Chicago Tribune)
U.S. mortgage rates fell in the past week to the latest in a series of record lows amid concerns about the state of the U.S. economy, according to a survey released Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.
Rock-bottom rates should continue to spur demand for home loan refinancing, putting extra cash into consumers’ hands that they can save, use to pay off existing debt or funnel into the economy through extra spending.
Interest rates on U.S. 30-year fixed-rate mortgages, the most widely used loan, averaged 4.42 percent for the week ended Aug. 19, down from the previous week’s 4.44 percent and its year-ago level of 5.12 percent, according to the survey. Get the full story »
U.S. mortgage rates fall below 4.5%
U.S. mortgage rates fell in the past week to the latest in a series of record lows amid concerns about the state of the economy, according to a survey released on Thursday by Freddie Mac.
Rock-bottom rates offer a glimmer of hope for a housing market struggling to gain traction since the recent expiration of popular home-buyer tax credits.
Interest rates on 30-year fixed-rate mortgages, the most widely used loan, averaged 4.49 percent for the week to Aug. 5, down from 4.54 percent a week earlier and 5.22 percent a year ago, according to the survey. Get the full story »
30-year mortgage rates hit 6th straight record low
Fixed U.S. mortgage rates set record lows last week for the sixth straight week, keeping affordability high for borrowers who can get loans, home funding company Freddie Mac said Thursday.
Refinancing has picked up steam but the pace remains well below last year’s peaks when rates were similarly low. Get the full story »
30-year-mortgage rates hold at record low
U.S. 30-year fixed mortgage rates held at record lows last week, while shorter-term borrowing costs hovered at or near all-time lows, home funding company Freddie Mac said Thursday. The 30-year mortgage rate stayed at 4.57 percent for the week ended July 15, matching the prior’s week’s all-time low in Freddie Mac records dating back to 1971. Get the full story »
Fannie Mae and Freddie Mac delist from NYSE
From CNN | Troubled mortgage finance giants Fannie Mae and Freddie Mac said goodbye to the New York Stock Exchange at the end of trade Wednesday. At the market open Thursday, Fannie and Freddie will start trading on the over-the-counter bulletin board — also known as pink sheets — under the symbols “FNMA” and “FMCC.” Get the full story »
30-year mortgage rates at record low
Mortgage rates fell slightly the past week, with three of the four rates Freddie Mac (FRE) tracks — including the 30-year fixed — at record lows, according to Freddie’s weekly survey of mortgage rates.
The rates on all but 1-year adjustable-rate mortgages hit the lowest point since Freddie began tracking them — 1971 for the 30-year loans, 1991 for 15-year fixed and 2005 for 5-year adjustables. The 1-year set yet another 6-year low in the latest week. Get the full story »
