Adjustable rate mortgages see very little change, but fixed-rate mortgages are on the rise and should be capitalized on now!
Tag Archives | Freddie Mac Mortgage
Mortgage rates dropped slightly from last week, closer to record lows, according to Freddie Mac’s weekly Primary Mortgage Market Survey.
The rates may not have been as prepared for the long climb up Mount Ratemore as they thought, because this week, the rates are still near the bottom (i.e. historic lows). Chances are they may rally and rise up again, though, so don’t get too comfortable. Word on the street is that they’re calling in the big guns to come and give them a boost. We’ll just have to watch and see what happens.
Mortgage rates remain unchanged from last week’s numbers, remaining near record lows, according to Freddie Mac’s weekly Primary Mortgage Market Survey.