Category Archives: Interest Rates

The low interest rate party continues, but the question remains; who is taking advantage of the low rates?   Many home owners and investors who need it most are unable to qualify to refinance or purchase.  This disparity is creating housing haves and have-nots.  Despite this people still are wondering … Continue reading →

After weeks of holding steady, mortgage rates rose this week according to the latest survey by Freddie Mac.  The 30-year fixed mortgage rate rose from 4.51% last week to 4.60% this week.  The 15-year fixed was also higher from 3.69% to 4.75%.  The 30-year fixed rate is now higher than … Continue reading →

Interest rates found another new low for 2011.  The 30-year fixed rate eased from 4.61% to 4.60% for the week ending May 26th, 2011, according to Freddie Mac. A year ago the 30-year fixed mortgage averaged 4.84%. The 15-year fixed dropped from 3.80% to 3.78%. A year ago the 15-year … Continue reading →

After much volatility between November and February, interest rates have been stable over the last few weeks.  Freddie Mac reported the 30-year fixed rate drifted up to 4.87% from 4.86% for the week ending April 7th, 2011.  The 15-year fixed also increased just 0.1% to 4.10% leaving conditions favorable for … Continue reading →

Rates improved on the crisis in Japan as many investors fled to the safety of the US Treasury Bonds.   Freddie Mac reported that the 30-year fixed mortgage rate dropped to an average of 4.76% compared to 4.88% just a week ago.  This is welcome relief for the housing market … Continue reading →