Rate on 30-year mortgage falls to record 3.87 pct.
阅读[6700] 回复[0] 打印 | 收藏
字体大小: 小 | 大
|
Rate on 30-year mortgage falls to record 3.87 pct.
WASHINGTON (AP) -- The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.
2 ?( \$ L# `( R! e: w5 ~" F5 DMortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.87 percent this week. That below the previous record of 3.88 hit two weeks ago.
$ \! i$ g+ P3 Y6 _3 u% k4 j- Y. vThe average on the 15-year fixed mortgage fell to 3.14 percent, also a record low. Records for mortgage rates date back to the 1950s. 4 G, X: A1 t4 E7 b5 V0 I
Mortgage rates tend to track the yield on the 10-year Treasury note, which fell below 1.9 percent this week.
1 z6 J/ t2 V1 g% }6 FRates have been low for more than a year, and the average rate on the 30-year loan has hovered near 4 percent for more than three months. Yet few people can afford to buy a home or qualify for a loan. Those who can have already done so.
/ P9 x; K# {% ~High unemployment and scant wage gains have made it harder for many people to qualify for loans. Many don't want to sink money into a home that they fear could lose value over the next few years.
4 i1 [; l9 ^) @5 g9 a2 g dSales of previously occupied homes were dismal last year. New-home sales in 2011 were the worst on records going back half a century. 4 r- }) P; r% ^ k
Builders are hopeful that the low rates could boost sales next year. But so far, they have had a minimal impact.
1 f. F/ b; X5 N# C' I, [' b
* w8 H: w: L+ xMortgage applications have risen slightly over the past four weeks, according to the Mortgage Bankers Association. But they are coming off extremely low levels.
- J0 @, }8 }3 w9 p2 CTo calculate the average rates, Freddie Mac surveys lenders across the country Monday through Wednesday of each week. + X: C; s( Q) l( p
The average rates don't include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount. $ W( q! ]9 |- n6 v+ `
The average fee for the 30-year loan rose to 0.8 from 0.7; the average on the 15-year fixed mortgage was unchanged at 0.8.
! m9 G) b! d+ J- sFor the five-year adjustable loan, the average rate fell to 2.80 percent from 2.85 percent. The average on the one-year adjustable loan rose to 2.76 percent from 2.74 percent.
" `3 | Q2 g% G/ q OThe average fee on the five-year adjustable loan rose was unchanged at 0.7; the average on the one-year adjustable-rate loan was unchanged at 0.6. |
|
|
|
|