30-Year Mortgage Rates Make New Lows, But Look Ready To Spike
August 16th, 2010 categories: Mortgage Rates
No doubt you’ve heard that mortgage rates are low. They’re lower than they’ve ever been in history. The news is everywhere.
Just check out some of these headlines from the last 24 hours:
- Mortgage rates set new lows for the 6th straight week (Reuters)
- Mortgage rates fall again; 30-year fixed at 4.54% (Wall Street Journal)
- Mortgage rates hit another low : 4.54% (NPR)
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How You Can Get The Most Accurate, Real-Time Mortgage Rate Quotes Available
February 23rd, 2010 categories: Buyers, Market Trends, Mortgage Rates
You can’t get your mortgage rates from the newspaper. Last week proved it. Again.
Friday morning, headlines in Tennessee and around the country read that mortgage rates were down 0.04 percent, on average, since the week prior.
A sampling of said headlines includes:
- US Mortgage Rates Drop For 2nd Straight Week (Reuters)
- Mortgage Rates On 30-year US Loans Fall To 4.93% (Business Week)
- 30-Year Fixed Mortgage Rate Falls Farther Below 5% (Marketwatch)
The story behind the headline was sourced from the Freddie Mac Primary Mortgage Market Survey, am industry-wide mortgage rate poll of more than 100 lenders. The PMMS has reported mortgage rate data to markets since 1971 and is the largest of its kind.
Unfortunately, Knoxville rate shoppers can’t rely on it.
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