April 19, 2012 |
Freddie Mac's latest survey shows fixed mortgage rates inched higher this week, with lenders offering 30-year loans to solid borrowers at an average 3.90%, up from 3.88% a week ago. The rate for 15-year loans rose from 3.11% to 3.13%. Borrowers would have paid about 0.75% of the loan amount in upfront lender fees to obtain the loans, Freddie Mac said. The weekly survey of lenders assumes that the borrowers have good credit and 20% down payments, or 20% home equity if they are refinancing.
January 19, 2012 |
Here's your 'cause-this-is-thriller Thursday roundup of consumer news from around the Web: --How low can it go? The average rate on the 30-year fixed mortgage fell again this week to a record low -- the eighth record low in a year. But even bargain-basement loans are failing to attract takers because most who can afford to buy or refinance have already done so. Mortgage buyer Freddie Mac says the average rate on the 30-year fixed mortgage dipped to 3.88% this week, down from the old record of 3.89% one week ago. The average on the 15-year fixed mortgage ticked up to 3.17% from 3.16%, which was also a record low. Records for mortgage rates date back to the 1950s.
June 10, 2011 |
How low can they go? Fixed mortgage rates fell for the eighth straight week in Freddie Mac's widely followed survey of lenders, with the 30-year home loan below 4.5% for the first time since early December. Freddie Mac said Thursday that the average rate being offered to well-qualified borrowers was 4.49%, down from last week's 4.55%. Loans fixed for 15 years were at an average rate of 3.68%, down from 3.74%. Borrowers would have paid 0.7% of the loan amount in upfront lender fees and points to obtain the rates, Freddie Mac said.
September 2, 2011 |
Mortgage rates are scraping along near historic lows, Freddie Mac says in its latest survey of what lenders are offering to well-qualified borrowers. The 30-year fixed-rate mortgage averaged 4.22% early this week, the same as the week before, and just above the 4.15% record low reached two weeks ago. The rate on a 15-year fixed mortgage dropped to 3.39% this week from 3.44% last week. Borrowers on average would have paid lenders 0.7% of the loan amount upfront to get a 30-year loan and 0.6% on a 15-year loan to get those rates, said Freddie Mac, the giant government-controlled finance company.
September 6, 2012 |
WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke took advantage of historically low mortgage rates -- brought down by the central bank's near-zero interest rates -- to refinance his Washington condominium last year, according to his annual government financial disclosures. Bernanke and his wife, Anna, took out a new 30-year mortgage at 4.25% last year on the three-bedroom condominium in the nation's capital that they have owned since 2004, according to the disclosure form he filed with the Office of Government Ethics, and property records.