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  • 30-Year Mortgage Rates Fall Under 6%

    Freddie Mac reports a drop in the 30-year fixed mortgage rate to 5.94 percent during the week ended Oct. 9, marking the first decrease in three weeks. The 15-year fixed rate slipped to 5.63 percent from 5.78 percent the previous week. Meanwhile, the five-year adjustable mortgage rate dropped a notch to 5.9 percent from 6 percent; and the ...
    Posted to Chris Thorpe (Weblog) by 186748 on October 12, 2008
  • FED CUTS KEY INTEREST RATE

    WASHINGTON (federalreserve.gov, CNN) – The Federal Reserve Board’s Federal Open Market Committee cut its short-term interest rate by a half of a percentage point today to 4.75 percent. According to the committee, the tightening of credit conditions has the potential to intensify the housing correction and to restrain ...
    Posted to Chris Thorpe (Weblog) by 186748 on September 18, 2007