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Mortgage Rates

BUSINESS
June 28, 2012 | By E. Scott Reckard
The news is generally improving on the home-finance front, with mortgage rates holding at all-time lows in the latest Freddie Mac report and bank regulators saying new foreclosures fell to a three-year low. The Freddie survey , released Thursday morning, showed lenders were offering 30-year fixed loans to solid borrowers at 3.66% on average, matching last week's record low. The 15-year fixed mortgage dropped from 2.95% to 2.94%, matching its...
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BUSINESS
January 3, 2013 | By E. Scott Reckard
U.S. 30-year mortgage rate data by YCharts Fixed mortgage rates hovered near their record lows this week, Freddie Mac said, with lenders offering the 30-year fixed home loan at an average of 3.34%, down from 3.35%  a week ago. The 15-year fixed loan, popular with refinancers, dropped from 2.65% to 2.64% in Freddie Mac's survey of lenders, taken Monday through Wednesday. Borrowers would have paid 0.7% of the loan amount in upfront lender fees and discount points to obtain the rates.
BUSINESS
January 12, 2012 | By E. Scott Reckard
Another week, another round of record lows in the mortgage markets. Lenders were offering the 30-year fixed-rate mortgage to solid borrowers at an average rate of 3.89% this week, down from 3.91% last week, according to home lending giant Freddie Mac. That was the lowest rate on record since the survey began in 1971. Freddie Mac also reported record lows for the the 15-year fixed loan -- 3.16%, down from 3.23%. The initial rates on adjustable loans touched bottom as well. Loans that adjust yearly had starting rates averaging 2.76%, down from 2.8% last week, Freddie said in its report Thursday.
BUSINESS
April 1, 2011 | By E. Scott Reckard, Los Angeles Times
Mortgage rates creep higher this week but the average cost of the mainstay 30-year fixed-rate home loan remains under 5% a year, Freddie Mac reports. Mortgage rates crept higher this week but the average cost of the mainstay 30-year fixed-rate home loan remained under 5% a year, Freddie Mac reported. The government-controlled housing finance firm said 30-year rates offered by lenders averaged 4.86%, up from 4.81% last week and 4.76% the week prior. The rate briefly topped 5% in February.
BUSINESS
November 26, 2009 | By E. Scott Reckard
You could say Christmas has arrived early for people shopping for a home loan, with mortgage rates at or near record lows. The average rate on a 30-year fixed-rate mortgage dropped to 4.78% in the week that ended Wednesday, tying a record set in April, home-loan buyer Freddie Mac said. The average is based on Freddie Mac's weekly survey, which asks about rates on loans to borrowers who have good credit and at least a 20% down payment or, for homeowners who are refinancing, at least 20% equity in their property.
BUSINESS
October 29, 2010 | By E. Scott Reckard, Los Angeles Times
Interest rates on fixed-rate home loans edged higher for a second week after scraping bottom, but the cost of a popular type of adjustable-rate mortgage fell slightly, Freddie Mac said Thursday. Lenders surveyed by Freddie Mac this week were offering well-qualified borrowers interest rates on 30-year loans averaging 4.23% with 0.8% of the loan amount paid in upfront fees. Last week, the average was 4.21%. The rate on a 15-year fixed-rate mortgage rose to 3.66% from 3.64% last week.
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