Click Here

REALTORŪ Magazine Online: The real estate professional's business support tool.

ADVERTISEMENT
OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  October 29, 2004  |   Home Mortgage Rates Hit Six-Month Low The national average commitment rate on a 30-year mortgage dropped over the past week from 5.69 percent to a six-month low of 5.64 percent, Freddie Mac reports. Interest on 15-year fixed loans declined as well, slipping from 5.07 percent to 5.01 percent. Meanwhile, the one-year adjustable mortgage rate tumbled from 4.02 percent to 3.96 percent. Freddie Mac chief economist Frank Nothaft says low mortgage rates helped bolster home sales in September.

Source: Wall Street Journal (10/29/04)

Browse all of today's news
E-mail this page to a friend
Give us feedback

Search news
 Launch my search
 
Subscribe to news
Subscribe to News
Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns.

RSS Feed
Get the Daily Real Estate News delivered straight to your desktop or news aggregator. (New to RSS? Learn the basics here.)
 
 
SHARE YOUR INSIGHTS
How did you sell it?
Tell us how you overcame hurdles to sell a challenging or very unique listing!