Rate on 30-year mortgage falls to lowest on record

Source: Associated Press/AP Online
Publication date: August 18, 2011

By DANIEL WAGNERWASHINGTON – The average rate on a 30-year fixed mortgage has fallen to its lowest level on records dating to 1971.

The rate on the most popular mortgage dipped to 4.15 percent from 4.32 percent a week ago, Freddie Mac said Thursday. Its previous low of 4.17 percent was reached in November.

The last time long-term rates were lower was in the 1950s, when 30-year loans weren’t widely available. Most long-term home loans lasted 20 or 25 years.

Dreambuilder announces new financing contact

Dreambuilder Custom Homes strives to network with a variety of mortgage lenders to assist our clients with construction loans, second mortgages or lines of credit.  We are pleased to announce the addition of Paul Gregory, senior loan officer with HomeSource Lending, to our referral network. You can find out more about Paul and our other…

Rate on 30-year fixed mortgage rises to 4.91%

Source: Associated Press/AP Online Publication date: April 14, 2011 NEW YORK – The rate on the 30-year fixed mortgage rose for the fourth straight week, but still remains below 5 percent.Freddie Mac says the average rate on the 30-year loan rose to 4.91 percent from 4.87 percent the previous week. It hit a 40-year low…