Mortgage Rates Ease

By
Real Estate Agent with Keller Williams

 

Freddie Mac's Primary Mortgage Market Survey (PMMS) shows that the 30-year fixed-rate mortgage (FRM) averaged 6.52% for the week ending July 31, 2008, which is down from the prior week when it averaged 6.63%.  Last year's FRM at this time of year averaged 6.68%.  The 15-year FRM averaged 6.07%, down last weeks' 6.18% average, and it averaged 6.32% a year ago.

Freddie Mac vice president and chief economist Frank Nothaft states, "Mortgage rates moved lower this week as a drop in commodity prices eased market concerns over inflation pressures.  For instance, the Department of Energy reported that gasoline prices were the lowest since the end of May, and oil prices were at levels not seen since early May."

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Tags:
real estate
mortgage rates
morgate
interest
freddie mac
inflation

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the clip to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the magnifying-glass to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the graph to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
15,938

Margaret "Maggee" Miggins

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the foot to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: