Under One Roof Blog
Everything You Need To Know About Home Mortgages

Mortgage Rates at 4 Year Low!
December 11, 2008 by Tamara Sevigny, Customer Care Director

Mortgage rates started falling after the Federal Reserve aided the U.S. housing market by purchasing up to $600 billion of mortgage related securities and other debt issued by Fannie Mae, Freddie Mac and Federal Home Loan Banks. Freddie Mac reported Thursday that average rates on 30-year fixed-rate mortgages dropped to 5.47 percent, down from 5.53 last week. The rate is slightly below this year’s previous low of 5.48 percent during the week of Jan. 24, and the lowest since March 25, 2004, when it averaged 5.40 percent. For more information check out the following link: http://seattletimes.nwsource.com/html/businesstechnology/2008495871_webmortgage11.html

This entry was posted on Thursday, December 11th, 2008 at 2:24 pm and is filed under Mortgage Loan Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.