Mortgage rates tick up, above record low

Mortgage rates tick up, above record low
WASHINGTON (AP) — Average rates on fixed mortgages ticked up this week just slightly above their record lows, keeping home-buying and refinancing attractive. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year loans ticked up to …
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The rate game
7, the average national rate on a 30-year, fixed-interest mortgage was 3.47% — the lowest in the history of the national Mortgage Bankers Association's rates survey. People interested in a 15-year mortgage had the opportunity to secure one at 2.85%.
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Proposal Could Broaden Government Refinance Programs
I'm not sure that I really know how to describe our national housing policy as set forth by the Obama Administration. But I suppose if forced to place it into words, I could do worse than “refis for everybody!” Now we learn that yet another refinance …
Read more on Mortgage Rates & Trends (blog)