Thursday, May 23, 2013
Rate on 30-year mortgage falls to record low
AP Real Estate Writer
POSTED: 05:08 a.m. HST, Oct 06, 2011
LAST UPDATED: 10:26 a.m. HST, Oct 06, 2011
WASHINGTON >> The average rate on the 30-year fixed mortgage fell to 3.94 percent this week, the lowest rate ever. For those who can qualify for the historically low rate, it’s an extraordinary opportunity to buy or refinance.
Freddie Mac says the average rate on a 30-year fixed mortgage dropped from 4.01 percent last week, the previous low. The average rate on a 15-year fixed loan dipped to 3.26 percent, also a record.
Low rates have done little to boost home sales or refinancing. Many people don’t have enough cash or home equity to get a loan, or they are reluctant to take the risk in this market. Others have already refinanced because the average rate on the 30-year loan has been below 5 percent for most of the past year
Mortgage rates, already at record lows, expected to keep falling
Rate on 30-year mortgage holds steady
U.S. 30-year mortgage rate stays at record 3.66 percent
30-year mortgage rate falls to record low
Rate on 30-year mortgage dips slightly
Mortgage rates keep falling to record low levels
Rate on 30-year mortgage hits record low
Mortgage rates fall further into record-low territory
Rate on 30-year mortgage ticks up
Rate on 30-year mortgage ticks up
‘Soul Sessions’ feat. RootHub
