Freddie Mac: Mortgage rates sink to 6-week low

McLEAN, Va. – May 7, 2010 – Rates for 30-year fixed mortgages have fallen to their lowest level in six weeks, Freddie Mac said Thursday. The average rate for 30-year fixed-rate mortgages was 5 percent this week, down from last week when it averaged 5.06 percent. A year ago, 30-year fixed rate mortgages averaged 4.84…


Housing Starts And Permits Rise in March

April 16, 2010 – Nationwide housing starts rose for a third consecutive month in March to a seasonally adjusted annual rate of 626,000 units from an upwardly revised February number, according to figures released today by the U.S. Commerce Department. The rate of permit issuance for new housing construction also rose by a solid 7.5…


Mortgage rates fall after rising 4 straight weeks

McLEAN, Va. (AP) – April 16, 2010 – Rates for long-term mortgages dropped this week but still remained above 5 percent, Freddie Mac said Thursday. The average rate on a 30-year fixed rate mortgage was 5.07 percent this week, down from 5.21 percent a week earlier, a survey by the mortgage financier Freddie Mac said.…


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