Newsfeed: US Mortgage Rates Plunge to 5.3% in Biggest Drop Since 2008
The average for a 30-year loan fell to 5.3%, the lowest in a month and down from 5.7% last week, Freddie Mac said in a statement Thursday.
The average for a 30-year loan fell to 5.3%, the lowest in a month and down from 5.7% last week, Freddie Mac said in a statement Thursday.
High housing prices continue to be a concern in many major markets. While there are varying opinions on how to solve the problem, history says … and recent headlines concur … that adding fuel to the fire will be the likely “solution.” Here’s how it works and why it’s likely to create a lot of equity right up until it doesn’t … First, it’s important …