About Government Refinance and Home Purchase Programs

Information and Updates on Government Mortgage Programs
Filed under Government Mortgage Financing Programs News

Despite signs recently that mortgage interest rates were moving up again, they ended up dipping recently to record lows. We get this from a recent Wall Street Journal piece:

Mortgage rates fell slightly the past week, with three of the four rates Freddie Mac tracks—including the 30-year fixed-rate—falling to record lows, according to Freddie’s weekly survey of mortgage rates.

The rates on all but one-year adjustable-rate mortgages hit the lowest point since Freddie began tracking them—1971 for the 30-year loans, 1991 for 15-year fixed and 2005 for 5-year adjustables. The one-year set yet another 6-year low in the latest week.

The declines come amid a continued rally in the Treasurys market, which pushes the debt’s yields down. Mortgage rates generally track yields.

If you would like to improve your mortgage contact us in the sidebar right away while rates are scraping bottom.

Comments (0) Posted by G.R.A. Admin on Thursday, June 24th, 2010

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