Daily Archives: April 30, 2009

Mortgage Rates now 2% Below their High

Freddie Mac released the results of its Mortgage Survey today in which the 30-year fixed-rate mortgage averaged 4.78 percent for the week ending April 30, 2009. Last year at this time, the 30-year FRM averaged 6.06 percent. The 15-year fixed-rate … Continue reading

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Mortgage Rates Remain Low while First-Time Buyers Own the Market

The Fed announced Wednesday that it plans to keep key interest rates, such as the federal-funds rate, at near zero for the ascertainable future.  In a statement, the Fed stated, “Although the economic outlook has improved modestly since the March … Continue reading

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