Mortgage Rates At An All Time Low
Daily Real Estate News | June 25, 2010 | 
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Mortgage Rates Hit an All-Time Low
Average interest on a 30-year fixed mortgage fell to an all-time low of 4.69 percent this week, down from 4.75 percent a week ago, reports Freddie Mac.
Although rates have held below 5 percent since early May, Michael Fratantoni of the Mortgage Bankers Association notes that demand for purchase loans has fallen in six of the past seven weeks and now is at a 13-year low. Consumers have grown used to low rates, he explains, adding that they balk at buying because they are more concerned about stagnant wages and high unemployment.
Source: Washington Post, Dina ElBoghdady (06/25/10)
© Copyright 2010 Information Inc.
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Mortgage Rates Hit an All-Time Low Average interest on a 30-year fixed mortgage fell to an all-time low of 4.69 percent this week, down from 4.75 percent a week ago, reports Freddie Mac.
Although rates have held below 5 percent since early May, Michael Fratantoni of the Mortgage Bankers Association notes that demand for purchase loans has fallen in six of the past seven weeks and now is at a 13-year low. Consumers have grown used to low rates, he explains, adding that they balk at buying because they are more concerned about stagnant wages and high unemployment.
Source: Washington Post, Dina ElBoghdady (06/25/10)
© Copyright 2010 Information Inc.
Posted by Beth Lindner at 6/26/2010 7:33 PM 
Categories: loans, home loan, buying a home, mortgage loans, cheap home loan, purchasing a home, lenders
Tags: loans home loan buying a home mortgage loans cheap home loan purchasing a home lenders
Categories: loans, home loan, buying a home, mortgage loans, cheap home loan, purchasing a home, lenders
Tags: loans home loan buying a home mortgage loans cheap home loan purchasing a home lenders
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