Home Mortgage Rates Near 40 Year Lows
home mortgage rates
Freddie Mac’s latest weekly report on the cost of financing a home purchase showed 30-year fixed-rate mortgages dropping from 4.69 percent to 4.58 percent, a new record in a data series that goes back almost 40 years.
Fifteen-year mortgage rates have been setting records for more than a month now, last week dropping from 4.13 percent to 4.04 percent.
San Diego attorney
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Mortgages need to be like they were in the 20’s. Back when people needed a 20% down payment and the costs of houses were reasonable enough that people would actually pay them off.