Showing posts with label Home Advice for Dummies. Show all posts
Showing posts with label Home Advice for Dummies. Show all posts

Sunday, January 15, 2012

How Low Can They GO- Mortgage Rates That Is

The average interest rate on a 30-year, fixed-rate mortgage reached 4.01% for the week ending Sept. 29, the lowest ever recorded on the Freddie Mac survey.

The 15-year FRM also averaged a record low 3.28% for the week. The new lows come after the Federal Reserve announced it would buy $400 billion of long-term Treasury bonds and reinvest in agency mortgage-backed securities in order to keep borrowing costs down.

Read On Provided by Housing Wire