Friday, February 10, 2012 5:24 am

Subdivision Search

  1. Autumn Oaks
  2. Seven Springs
  3. Sterling Hills
  4. Silver Ridge
  5. Deer Field
  6. Hernando Oaks
  7. Glen Ridge
  8. Woodland Waters
  9. Spring Ridge
  10. The Heather
  11. Royal Highlands
  
  1. Home
  2. National Real Estate
  3. Mortage Rates Hit a Record low again This week

Mortage Rates Hit a Record low again This week

Posted on Aug 13, 2010

Mortgage rates hit another record low this week coming in at 4.44% on a 30-year fixed rate mortgage, according to mortgage giant, Freddie Mac. Mortgage rates are closely tied in with long-term treasury bonds and as investors continue to shift their money from stocks to treasury bonds, the yields continue to drop.

 
Although the rates continue to drop, the housing market is still struggling, those who were looking to refinance at low rates have already managed to do so, however if the rates continue to fall refinancing could pick up again.  The high unemployment rate combined with tight credit standards are keeping people from buying homes and after the expiration of the Homebuyer Tax Credit, home sales have weakened significantly.
 
Freddie Mac collects mortgage rates from lenders across the nation on a weekly basis, Monday through Wednesday and as mortgage rates are so closely tied to treasury bonds, the rates can change significantly even on a given day.
 

 

This form is intended to allow Guest comments to be added to this article.

  • Your Name:
  • Your Email Address:
  • Your Comment:
  

Search the Listings

  1. Type:
  2. County:
  3. $ From:
  4. $ To:
  5. Beds:
  6. Baths:
  7. Waterft:
  8. Pool:
Listing Data ©2012 Hernando County Association of Realtors
Listings provided courtesy of The Hernando County Association of Realtors MLS. The information contained within this page is for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may
©2006-2012 brokeridxsites.net
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. Datafeed updated Daily. last update on 10Feb2012 at 3:00am
brokeridxsites.net
Manage Your Account