Mortgage Rates Continue to Fall

After hitting record lows last week, the average rates on 30- and 15-year fixed mortgages dropped again. According to Freddie Mac, the rate on a 30-year mortgage fell from 4.01 last week to 3.94 percent this week. Meanwhile, the average rate on a 15-year fixed...

Fixed Mortgage Rates Hit Record Low

Average fixed rates for 30- and 15-year mortgages hit a record low this week, according to data released yesterday by Freddie Mac. The average rate on a 30-year fixed-rate mortgage was 4.01 percent (0.7 point) for the week ending Sept. 29. That’s the lowest rate...

Mortgage Rates Drop Below 5%

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KEY RATE CUT TO NEAR ZERO

The Federal Reserve today cut its key interest rate to a range of between 0 percent and 0.25 percent, marking the first time the Fed has cut rates below 1 percent. The rate had previously been at 1 percent, and most investors were expecting the Fed to cut rates to...