CHICAGO-Investors grow more concerned about the poor US economyas mortgage rates fall to record lows for the eighth time in nineconsecutive weeks.
According to Freddie Mac, the mortgage giant, the average ratefor 30-year fixed loans declined 4.42% from last week's 4.44%, thelowest since the mortgage buyer began tracking rates in 1971.Freddie Mac also reported that the average rate for 15-year fixedloans declined to 3.9% from last week's 3.92%, which is the lowestrate since 1991. For the full story, go to Chicago Sun-Times.
GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
