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  • Phi Asset Managers 9:52 am on September 29, 2011 Permalink | Reply
    Tags: , Bonds,   

    Yield Curve 

    Derek Kravitz, AP Real Estate Writer, On Thursday September 29, 2011, 10:25 am
    WASHINGTON (AP) — Fixed mortgage rates have fallen to historic new lows for a fourth straight week and are likely to fall further.

    The average on a 30-year fixed mortgage fell to 4.01 percent this week, Freddie Mac said Thursday. That’s the lowest rate since the mortgage buyer began keeping records in 1971. The last time long-term rates were lower was in 1951, when most long-term home loans lasted just 20 or 25 years.

    The average on a 15-year fixed mortgage, a popular refinancing option, ticked down to 3.28 percent. Economists say that’s the lowest rate ever for the loan.

    Mortgage rates tend to track the yield on the 10-year Treasury note. Rates could fall further after the Federal Reserve announced last week that it would take further action to try to lower long-term rates.

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  • Phi Asset Managers 9:59 am on September 22, 2011 Permalink | Reply
    Tags: Bonds   

    Mortgage rates 

    Derek Kravitz, AP Real Estate Writer, On Thursday September 22, 2011, 10:43 am
    WASHINGTON (AP) — Fixed mortgage rates hovered at record lows for a third straight week. They are likely to fall even further now that the Federal Reserve said it would shuffle its holdings to drive down long-term interest rates. .

    The average rate on the 30-year fixed mortgage was unchanged at 4.09 percent this week, Freddie Mac said Thursday. That’s the lowest rate seen since 1951.

    The average rate on the 15-year mortgage ticked down to 3.29 percent. Economists say that’s the lowest rate ever for the loan.

    Mortgage rates tend to typically track the yield on the 10-year Treasury note. One day after the Fed’s announcement, the yield on the 10-year note touched 1.74 percent Thursday. That’s the lowest level since Federal Reserve Bank of St. Louis started keeping daily records in 1962.

     
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