30-year fixed mortgage rate fell to new low of 4.57%
"Nassau Guardian," July 9, 2010 transferred from the Associated Press news, according to Freddie Mac reported 8, 30-year fixed mortgage rate from 4.58% last week and then decreased to 4.57%, the highest premises the lowest since 1971, created the United States. Meanwhile, the 15-year fixed mortgage rates from 4.04% last week transferred to 4.07%, 5-year variable-rate mortgages fell from 3.79% to 3.75%, 1-year variable mortgage rate from 3.80% down to 3.75 %. But many people would not be eligible to apply for new loans, so the real estate market and more can not benefit from the economic field.
The past two months, U.S. mortgage rates decline, investors concerned about the debt crisis in Europe, will be more on the transfer of funds to a more secure financial securities, financial, bonds fell, triggering long-term financial bonds, fixed on mortgage interest rates.
But the decline in mortgage rates did not stimulate home sales. Since the end of April the Government to abolish the federal tax benefits home buyers since the housing sales continue to slow. As mortgage rates have dropped several times, most have the ability to buy houses or families are eligible to apply for loans in the past 18 months have buy a house, therefore, mortgage rates fell this hard to play a stimulating effect on home sales. Those who do not qualify for home mortgages, can not use low mortgage rates to increase home sales. (Starting sub-station:
"Nassau Guardian," July 9, 2010 transferred from the Associated Press news, according to Freddie Mac reported 8, 30-year fixed mortgage rate from 4.58% last week and then decreased to 4.57%, the highest premises the lowest since 1971, created the United States. Meanwhile, the 15-year fixed mortgage rates from 4.04% last week transferred to 4.07%, 5-year variable-rate mortgages fell from 3.79% to 3.75%, 1-year variable mortgage rate from 3.80% down to 3.75 %. But many people would not be eligible to apply for new loans, so the real estate market and more can not benefit from the economic field.
The past two months, U.S. mortgage rates decline, investors concerned about the debt crisis in Europe, will be more on the transfer of funds to a more secure financial securities, financial, bonds fell, triggering long-term financial bonds, fixed on mortgage interest rates.
But the decline in mortgage rates did not stimulate home sales. Since the end of April the Government to abolish the federal tax benefits home buyers since the housing sales continue to slow. As mortgage rates have dropped several times, most have the ability to buy houses or families are eligible to apply for loans in the past 18 months have buy a house, therefore, mortgage rates fell this hard to play a stimulating effect on home sales. Those who do not qualify for home mortgages, can not use low mortgage rates to increase home sales. (Starting sub-station:
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