Record Lows for Mortgage Rates
MAY 07, 2012
“Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week, offering more incentive for Americans to buy or refinance homes. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan fell to 3.84 percent, the lowest since long-term mortgages began in the 1950s. That’s below the previous record rate of 3.87 percent reached in February.” (Christian Science Monitor)
Freddie Mac is still buying up mortgages.
FEE Timely Classic
“Nationalization of the Mortgage Market” by Robert P. Murphy