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By Super Admin| 12/18/2008Recent News
Mortgage Rate Hits 37-Year Low
- Published 12/19/2008
The benchmark 30-year fixed-rate home mortgage in the U.S. fell to a national average of 5.17% this week, the lowest since Freddie Mac began its weekly rate survey in 1971.
With the Federal Reserve cutting its interest rates to near 0% and a continued decline in rates on the long-term Treasury notes that mortgages closely track, rates on other types of mortgages dropped again, though not as much as the 30-year.
"Interest rates for 30-year fixed-rate mortgage rates fell for the seventh consecutive week, moving these rates to the lowest since the survey began in April 1971," said Frank Nothaft, Freddie Mac chief economist. "The decline was supported by the Federal Reserve announcement on Dec. 16, when it cut the federal-funds target to a record low and stated it stood ready to expand its purchases of mortgage-related assets as conditions warrant."
The 30-year mortgage fell for a seventh consecutive week, from 5.47% a week ago. A year ago the 30-year averaged 6.14%.
The 15-year fixed-rate mortgage averaged 4.92%, down from last week when it averaged 5.20%. A year ago the 15-year loan averaged 5.79%. The 15-year mortgage hasn't been lower since April 1, 2004, when it averaged 4.84%.
» Read MoreFeatured Articles
Importance of gap insurance
- By Nick Smith
- Published 07/27/2011
- Business
- Unrated
Fair market value is a concept which states that as soon as an individual leaves the car lot with the car, it reduces in price by up to 20%. If you have just brought a brand new vehicle, and you desired to finance the acquisition, then you must be aware of the term Gap insurance.The best diamonds from the heart of Hatton Garden
- By Arthor Greenwald
- Published 03/31/2011
- Shopping
- Unrated
Restorative Dentist NYC is there to solve any of your dental issues
- By Brad Taylor
- Published 06/20/2007
- Beauty
- Unrated
A weak dental health can cause many serious issues and ignoring this problem could lead to other major problems. So instead of being laid back it is better that you consult a restorative dentist for any kind of a dental problem and get rid of the problem.
Cricket Image Gallery Helps You Travel Back In Time To Relive The Golden Moments
- By Ella Wilson
- Published 06/20/2007
- Cricket Articles
- Unrated
A cricket image gallery provides the irresistible option of reliving the glorious moments of your favorite game whenever you want and add to your precious collection of cricket memorabilia
How to choose paid directory for web site listing?
- By Megrisoft Team
- Published 02/27/2006
- Link Development
- Unrated
Search Engines are the major source of traffic for any website. High search engine ranking can boost number of your visitors and in turn leads to increase in sales. The best way to get top search engine placement is to improve link popularity by having one way inbound links from theme based sites or pages, with different optimized anchor text, from different IP Class blocks and domains. This can easily be achieved by buying Internet web directory listings. Directory promotion is one of the best methods of website promotion. Before buying directories listing or registeration you must check the following points to ensure that you are going to get what you need.Recent Articles
Can You Make a Cycle Claim?
- By Abigail Smith
- Published 02/20/2012
- Business
- Unrated
If you have had an accident on your bike you may be able to make a cycle claim. Even if you were not seriously injured you may still have a claim. If your bike was damaged you may be able to claim for just that.
The Fun Of Online Bingo Games
- By Abigail Smith
- Published 02/19/2012
- Business
- Unrated
Bingo
has been a favourite game of many across the world and particularly in the UK,
for many centuries.
Types Of Psychic Readings
- By Abigail Smith
- Published 02/19/2012
- Business
- Unrated
There are many different types of psychic
readings available from rune and tarot reading to horoscopes.
The Nissan Juke Crossover
- By Abigail Smith
- Published 02/17/2012
- Automotive
- Unrated
The crossover class of car is a relatively new
introduction and it aims to bring the benefits of both SUV and compact car into
a single vehicle.
Create More Space with Folding Doors UK
- By Abigail Smith
- Published 02/17/2012
- Construction & Maintenance
- Unrated
If
you want to create more space in your home, you should consider investing in
folding doors. UK homeowners may not have heard of folding doors but they are
increasing massively in popularity