Era of sub-5% mortgages could be over soon in #realestate
Posted on December 18th, 2009 by Carlo Capomazza
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Average 30-year rate ticks up to 4.94%, Freddie Mac reports. Loan refinancings dominate.
For nearly two months, home buyers with good credit who can make a 20% down payment have enjoyed 30-year mortgage rates below 5%. But as signs of an improving economy increase, the yield on bonds has been edging higher and pulling home-lending rates along as well.
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Related articles
- Obama Administration Readies Loan Program Changes (abcnews.go.com)
- FHA Raises Premiums, Down Payments Amid Mortgage Delinquencies (businessweek.com)
- New-Home Sales in U.S. Probably Increased After Credit Restored (businessweek.com)
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Filed under: Current Events, L.A. Times, LA Area, Real Estate Market, VRN
