Record Low Interest Rates Spur Refinancings : US Home loan

Posted by Finance, Video Thursday, July 8th, 2010

Home loan applications jumped by 7 percent last week as consumers raced to mainly refinance their current loans at some of the lowest rates since records started being kept, the Mortgage Bankers Association reported. Residential home builders are up across the board, with the Philadelphia Housing Sector Index up 1.97 percent.

U.S. 30 Year mortgage rate drops to new record low

Posted by Economy Thursday, July 8th, 2010

US 30-year mortgage rates dropped to a new record low in the past week, according to a survey released on Thursday by Freddie Mac FMCC.OB, as concerns mounted about the economic recovery. Attractive mortgage rates have raised demand for home refinancing loans in recent weeks. They have failed to increase appetite for mortgages to purchase [...]

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