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Mortgage Rates Bounce Back Above 5 Percent

January 23, 2009 RSS Feed Print

Thirty-year fixed mortgage rates bounced back from record low levels this week, but remain historically attractive at 5.12 percent, Freddie Mac said Thursday. Rates had fallen to a record low weekly average of 4.96 percent last week amid lower inflation and Federal Reserve moves to buy up mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac. But even after ticking higher, rates remain very attractive, down sharply from 6.46 percent in late October 2008.

[Check out Mortgage Rates in 2009: 7 Things You Need to Know.]

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societies http://www.waterandhealth.org cosmic http://www.inchem.org http://drc.ohiolink.edu

eibhearame of ID 9:04PM March 23, 2010

I found lots of interesting information on www.usnews.com. The post was professionally written and I feel like the author has extensive knowledge in the subject. www.usnews.com keep it that way.

Online Payday Loans of AL 2:16AM May 01, 2009

It's gotten to the point where this economy is addicted to consumers spending wayyyyyy beyond thier means and borrowing heavily against the only real asset most people own (their home) and therefor the economy is addicted to unrealisticly low rates in order to function. It sick and I don't see how it will get corrected unless foreigners stop buying our debt.

Patrick of 10:02PM January 25, 2009

Mortgage Rates Bounce Back Above 5 Percent

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