home affordability

Mortgage Rates Remain Favorable

Despite record low rates, mortgage and refinancing applications are down. Mortgage rates are still near record lows. According to the Freddie Mac Primary Mortgage Market Survey, the 5-year ARM set a new all-time low this week and has fallen for the eighth consecutive time. The breakdown for the week ending September 1: *30-year fixed-rate mortgage …

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Mortgage Rates Hit New Lows

As the country moves toward another recession, mortgage rates are doing their part to provide some relief. According to Freddie Mac, each mortgage rate hit new lows for the year this week, and three of them posted new record lows. Here’s the breakdown for the week ending August 11, 2011: *30-year fixed-rate mortgage (FRM): Averaged …

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