Record-low mortgage rates

Mortgage Rates Inch Upward

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 …

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The Consolation to Grim Economic Reports

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 …

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Mortgage Rates Hit New Lows

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 …

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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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