Compare mortgage rates before taking the plunge
14th April, 2010 - Posted by admin - 2 Comments
As per a mortgage survey, mortgage rates in US have fallen for the first time in five weeks. This is in stark contrast to the eight month high witnessed in the mortgage markets. This seems to be good news for the housing market as buying a house is expected to become affordable in the coming months.
The interest rates on U.S. 30-year fixed-rate mortgages averaged 5.07% for week ending April 15, down from the previous week's 5.21% which was the highest in the last eight months.
After having risen for four consecutive weeks, mortgage rates have come back to where they were two weeks ago and still remaining historically low. Mortgage rates are linked to yields on mortgage-backed securities and yields on Treasuries. This year the rates are expected to rise with economy improving and after the Federal Reserve end its program of purchase of mortgage related securities.
I would suggest that if you are going for a loan, compare mortgage rates available before taking the plunge as they have become competitive over the past few months.
Posted on: April 14, 2010
Filed under: information about, mortgage news
2 Comments
porno
January 14th, 2011 at 8:03 pm
After having risen for four consecutive weeks, mortgage rates have come back to where they were two weeks ago and still remaining historically low.
porno
February 2nd, 2011 at 3:12 pm
TransUnion.
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