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Monthly Archives: February 2012
Home Prices Hit New Lows in December
According to the latest release of the S&P/Case-Shiller Home Price Indices, the national composite, the 10-city, and the 20-city reached new index lows in December. The national composite, which covers all U.S. Census divisions, dropped by 3.8% during the fourth … Continue reading
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Mortgage Rates Decrease to Record Low
According to Bankrate.com’s weekly national survey, the average rate on the benchmark 30-year fixed mortgage rate decreased to a new low of 4.1 percent. The average 30-year fixed mortgage has an average of 0.35 origination and discount points. The average … Continue reading
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30-Year Fixed Mortgage Rate Decreases 3.66%
Currently, the 30-year fixed mortgage rate on Zillow Mortgage Marketplace is 3.66 percent, which is down six basis points from 3.72 percent at this same time last week. This represents the lowest rate reported since Zillow Mortgage Marketplace began in … Continue reading
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