Quantcast

Tuesday, September 30, 2014         

 Print   Email   Most Popular   Save   Post   Retweet

U.S. 30-year mortgage rate slips to record low

By Associated Press

POSTED:
LAST UPDATED: 10:04 a.m. HST, May 03, 2012



WASHINGTON >> Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week, offering more incentive for Americans to buy or refinance homes.

Mortgage buyer Freddie Mac says the rate on the 30-year loan fell to 3.84 percent, the lowest since long-term mortgages began in the 1950s. That's below the previous record rate of 3.87 percent reached in February.

The 15-year mortgage, a popular option for refinancing, dropped to 3.07 percent, also a record. The previous record of 3.12 percent hit last week.

Mortgage rates have been below 5 percent for the past year. Yet homes sales have slumped and remain well below healthy levels.






 Print   Email   Most Popular   Save   Post   Retweet

IN OTHER NEWS
Breaking News
Blogs
Political Radar
`Side-by-side’

Political Radar
Fore!

Political Radar
1994

Island Crafters
Proud Mommy Status

Wassup Wit Dat!
Got You Now

Warrior Beat
Back on the field

Small Talk
The arm touch

Political Radar
`Not an option’