fixed rate loans hit 4.12 percent last Thursday, shaving off .2 percent from
last month’s record-breaking 4.32 percent, amid
questions about employment and the state of the economy remain.
The 15-year rate fell to 3.33 percent, also a
As Frank Nothaft, vice president and chief economist at
Freddie Mac explained,"On net, the economy added no new jobs last month and
was the weakest reading since September 2010. Meanwhile, the unemployment rate
remained at 9.1 percent, marking its 31st consecutive month of being above 8
percent, the longest such stretch in 70 years."
As I’ve said before, if you are in the market for a home or are looking
to refinance, this is a fantastic opportunity to do so. Rates are nearing the
bottom, quite literally. [FreddieMac
via Socket Site