Morning Minute: Mortgage rates break new record low

It’s a new all-time record low for fixed mortgage rates with 30-year, fixed mortgages averaging 3.40 percent and 15-year, fixed mortgages averaging 2.73 percent, according to today’s report from Freddie Mac. Said Frank Nothaft, vice president and chief economist, Freddie Mac:

“Fixed mortgage rates continued to decline this week, largely due to the Federal Reserve’s purchases of mortgage securities, and should support an already improving housing market.”

In other news:

Report: Americans feel more confident in economySt. Louis Post-Dispatch

Potentially good news for struggling Illinois homeowners – WREX

Leave a Reply

Your email address will not be published. Required fields are marked *