Here’s something the struggling national and Chicago real estate industries haven’t seen for a while: Mortgage rates are no longer at record lows. Despite a mixed bag of economic data, mortgage rates rose this week for the first time in seven weeks. In fact, over the past 14 weeks, the average rate on the 30-year …
The economy is struggling and mortgage rates are responding. Average fixed-rate mortgages fell to new all-time record lows for the sixth straight week in an effort to help keep homebuyer affordability high. Here are the mortgage rates for the week ending June 7, according to Freddie Mac: *30-year fixed-rate mortgage (FRM): Averaged 3.67 percent, down …
I refinanced the mortgage in my Chicago real estate a year ago and got an outstanding rate of just over 4.00 percent on a 30-year loan. I felt lucky, since rates at the time were closer to 5 percent than 4. Here we are a year later, and today’s mortgage rates are starting to make …
Mortgage rates are starting the year off with a bang and have hit new record lows. That includes the 30-year fixed-rate mortgage, which fell below 4.0 percent last year for the first time on record dating back to 1971 and has remained there for the last six weeks. Freddie Mac released its Primary Mortgage Market …
It’s been quite the record-setting year. For the third time in 2011, mortgage rates last week set new all-time lows. According to Freddie Mac, each mortgage rate either matched or set a new record low for the week ending December 22. *30-year fixed-rate mortgage (FRM): Averaged 3.91 percent, down from last week’s record low of …
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 …
