17.08.2011 - Will low mortgage rates resurrect housing?
Chaos in stock market indexes from around the globe, has meant a corresponding rise in bond prices, which has pushed yields to record lows. Will it lift the beleaguered housing market? The average rate on 30-year fixed mortgages is down to 4.32%, according to Freddie Macís latest survey. At these levels, mortgage rates have gone back to 50-year lows set during the fourth quarter of last year. Mortgage rates are closely linked to yield on 10-year U.S. Treasuries, which have hovered down in the 2.15% trading range..............................................Full Article: Source
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