The path to become a knowledgeable and a complete home owner
Never before in the record-keeping annals of the Federal Home Loan Mortgage Corp. have fixed-rate mortgages been this low. The outlook is for more of the same.
The average 30-year fixed-rate mortgage fell 4 basis points from a week earlier. That left the 30-year mortgage 3 BPS better than the prior record set on Feb. 9, 2012.
Compared to the same week in 2011, the 30-year mortgage was 87 BPS lower.
More: continued here
Most mortgage rates fell to the lowest levels ever recorded, and it looks like they could hang near those lows through next week. The one exception is the one-year adjustable-rate mortgage.
The 30-year mortgage, 15-year mortgage and five-year, Treasury-indexed, hybrid adjustable-rate mortgage all fell to record lows.
This week’s Treasury Market data suggests rates are likely to be about the same in next week’s report.
More: continued here
Be The First To Comment
Related Post
Please Leave Your Comments Below