Find us on...


Login using...

New Search X

Mortgage Rates Break Low Records Again as QE3 Starts

Posted by Bonnie Martin Designated Broker on Friday, September 28th, 2012 at 1:58pm.

It’s unknown whether or not the Federal Reserve’s new stimulus will be able to whip the economy back into shape, but one thing’s for sure: It’s sent mortgage rates plummeting.

Freddie Mac’s Primary Mortgage Market Survey  showed new record lows in all categories except the 5-year adjustable-rate mortgage (ARM). The GSE reported that the 30-year fixed average fell to 3.40 percent (0.6 point) for the week ending September 27, down from 3.49 percent in the previous week’s survey.

To read more on this article, click the link below:


Leave a Comment