Mortgage Rates

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1/3/2009 News For:

Mortgage Rates

An Erratic Year for Mortgage Rates  When it comes to mortgage rates, 2008 may be remembered as the year the market went haywire.

Q: Are there any signals that mortgage rates will go back up?  A: While rates might fluctuate slightly, the national average for 30-year mortgages just hit a historic low for the third consecutive week. Freddie Mac said average rates on 30-year fixed mortgages fell to 5.10 percent this week, from the previous record of 5.14 percent last week. Loan applications last week remained at the highest level in more than five years, the Mortgage Bankers Association ...

Mortgage rates near record low keep demand at 5-year high  Demand for mortgage applications was unchanged during the Christmas holiday week, holding at the highest levels in more than five years with loan rates near record lows, an industry group said Wednesday.

Real Estate Weekly: Texas lender says low mortgage rates are drawing buyers  Many homeowners are considering refinancing these days, now that fixed-rate mortgage rates are at lows not seen for years. The rates may even be pushing some would-be homeowners off the fence -- in some markets, anyway.

Not Everyone Can Bank On Low Mortgage Rates  Rates have been wildly volatile over the last few weeks, and mortgage experts expect they will continue to drop, and stay low in the coming months.

Mortgage rates continue to fall  As mortgage rates continue to fall, homeowners ask, should I refinance?

Mortgage rates make for buyer?s market  Prospective home buyers are beginning to realize that opportunity in the form of falling mortgage rates is knocking on their doors. While the overall economy continues to sputter ? though not as much locally as nationally ? interest rates have dropped and will likely continue to do so.

Mortgage rates hit fresh 37-year low  Rates on mortgage loans are the lowest in the 37-year history of the Freddie Mac Primary Mortgage Market Survey, according to a weekly report released Wednesday.

Mortgage refinancing skyrockets  With U.S. mortgage rates the lowest in 30 years, local lenders say they've seen a strong surge in loan applications as homeowners seek to refinance their mortgages in Greater Cincinnati and Northern Kentucky.

Mortgage rates lowest in three decades  U.S. mortgage rates dropped to the lowest in more than three decades as the government stepped up efforts to revive the housing market.