finance.yahoo.com - 3/26/2009
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WASHINGTON (AP) -- Rates on 30-year mortgages fell this week to the lowest level on record after the Federal Reserve launched a new effort to assist the staggering U.S. housing market. Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dropped to ...
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finance.yahoo.com - 3/21/2009
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Mortgage Rates Drop to Record Low 4.85%
CARPE DIEM —
WASHINGTON (AP) -- Rates on 30-year mortgages plunged this week to the lowest level on record after the Federal Reserve launched a new effort to assist the staggering U.S. housing market. Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dropped to 4.85% this week, from 4.98% last week. It was the lowest in the history of Freddie Mac's survey, which dates back to 1971 (see chart above). The previous record low of 4.96% was set in the week of Jan. 15. MP: It could be a lot worse. It was a lot worse in the 1981-1982 recession when mortgage rates peaked at about 18.5% in October ...
US Mortgage Rates Drop To Record Low 4.85%
Daily Markets —
US Mortgage Rates Drop To Record Low 4.85% By Mark Perry on March 26, 2009 | More Posts By Mark Perry | Author's Website [image] WASHINGTON (AP) - Rates on 30-year mortgages plunged this week to the lowest level on record after the Federal Reserve launched a new effort to assist the staggering U.S. housing market. Mortgage finance giant Freddie Mac ( FRE ) said Thursday that average rates on 30-year fixed-rate mortgages dropped to 4.85% this week, from 4.98% last week. It was the lowest in the history of Freddie Mac’s survey, which dates back to 1971 (see chart above). The previous record low of 4.96% was set in the week of Jan. 15. MP: It could be a lot ...
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