Tagged : Low mortgage rates

Found 4 blog entries tagged as "Low mortgage rates".

interest__max5128_450money.cnn.com - Mortgage interest rates hit their lowest levels for 2014 this week.

The average interest charged to borrowers for a 30-year, fixed rate loan fell to 4.21% from 4.29% last week, according to Freddie Mac's weekly mortgage rate report.

Rates have not been this low since the week of November 7, when they were at 4.16%.

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money.cnn.com - Homebuyers may have enjoyed record low mortgage rates over the past year, but they were paying a pretty penny when it came time to close the deal.

Nationwide, closing costs averaged $2,402 over the past year, up 6% from $2,264 in 2012, according to a survey by Bankrate.com. The estimates were based on a $200,000 mortgage for buyers with good credit and a 20% down payment.

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money.cnn.com - The better-than-expected February jobs report got a big lift from 48,000 new jobs in the construction industry. Builders have added 151,000 jobs over the last five months, the sector's best hiring surge since the 2006 housing bubble.

The employment numbers reiterate what other housing reports have found: Home prices are up, as are home sales. Near record low mortgage rates and a drop in foreclosures have created a much better market for builders. In January, they filed for the greatest number of building permits since 2008.

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washington examiner. com - Mortgage interest rates seem to seesaw from week to week but still are drifting down and recently hit several new lows.

The Federal Reserve has said it will continue to intervene to keep rates low until employment rises to a level it considers adequate -- and major players in the financial markets are taking it at its word.

Freddie Mac had an average contract interest rate the week before Thanksgiving of 3.31 percent, and its economists project rates will remain below 4 percent until 2014.

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