News Summary: 30-year mortgage rate at 3.34 pct.
Published: January 3, 2013
Leave a comment
RATES REMAIN LOW: Average U.S. rates on fixed mortgages moved closer to their record lows this week, offering more incentive for consumers to buy homes and helping sustain a housing recovery.
Advertisement
THE NUMBERS: Mortgage buyer Freddie Mac says the average rate on the 30-year loan rate slipped to 3.34 percent from 3.35 percent last week. That's near the 3.31 percent rate reached in November, the lowest on records dating to 1971. The average for the 15-year fixed mortgage ticked down to 2.64 percent from 2.65 percent. The record low is 2.63 percent.
HOUSING RECOVERY: Lower mortgage rates are a key reason why the housing market began to come back last year and many economists predict the recovery will strengthen in 2013.
If you prefer your thoughts to appear in The Oklahoman's Opinion section, we encourage you to submit a letter to the editor.
Mortgage Rates Hit 2.50%
If you owe under $729k you may qualify for 2.90% APR Govt Refi Plans.
www.SeeRefinanceRates.com
If you owe under $729k you may qualify for 2.90% APR Govt Refi Plans.
www.SeeRefinanceRates.com
New Rule in VIRGINIA:
(APR 2013): If You Pay For Car Insurance You Must Read This Immediately
www.ConsumerFinanceDaily.com
(APR 2013): If You Pay For Car Insurance You Must Read This Immediately
www.ConsumerFinanceDaily.com
Prev
