Vital Signs Chart: Record Low Mortgage Rates

Vital Signs Chart: Record Low Mortgage Rates
Mortgage rates have again dropped to their lowest levels on record. The rate for a 30-year fixed mortgage fell to 3.31% last week from 3.34% a week earlier and nearly 4% a year ago. Low rates are encouraging more Americans to buy homes or refinance …
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'Virtuous cycle' of low interest rates is working
Indirectly, the Fed has also helped push down long-term interest rates, which means the average 30-year fixed-rate mortgage is at a record low 3.32%. If you were bought a median-priced home — half costing more, half less — at $ 186,100, your principal …
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Mortgage rates mixed in week
WASHINGTON, Dec. 20 (UPI) — Fixed mortgage rates on long-term loans in the United States were mixed in the week, the Federal Home Loan Mortgage Corp. said Thursday. In a weekly tracking report Freddie Mac said the average 30-year fixed mortgage …
Read more on UPI.com