mortgage rates: The Status of Home Prices
- 08/14/13 11:46 AM
Though home prices have risen nearly 12% from just a year ago, a slowdown is expected soon. But most analysts say it’s no cause for concern. “Prices are still going to rise – just not as at brisk a pace as we’ve seen over the past year,” The Wall Street Journal reports. “This should calm down those pundits who have fretted over a new crop of housing bubbles.” According to a report by Goldman Sachs economists, home prices will likely moderate because they have returned to “fair value” and are no longer being viewed as “undervalued,” as they were for the past 2 years. A (1 comments)
mortgage rates: 30-year mortgage hits record 3.84%
- 05/07/12 06:10 AM
May 4, 2012 – Average U.S. rates for a 30-year and 15-year fixed mortgages fell to record lows this week, offering more incentive for Americans to buy and/or refinance homes.Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan fell to 3.84 percent. this is the lowest rate since long-term mortgages began in the 1950s. That is below the previous record rate of 3.87 percent reached in February.The 15-year mortgage, dropped to 3.07 percent. The previous record of 3.11 percent was hit three weeks ago.The average on one-year adjustable rate loans also dropped to a record low of 2.7 (1 comments)
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