Mortgage Rates & Trends

Are the rich different than the rest of us*?  It depends on whose data you believe. From a story on HousingWire.com yesterday, we learned that Moody’s Investors Service believes that strategic defaults on jumbo mortgages ($1m+) are occurring at the same rate as delinquencies on conventional mortg...

For the sixth consecutive week, mortgage rates reached a new record low.  According to Freddie Mac, the average mortgage rate on a 30 year fixed rate mortgage hit 4.54 percent this past week.  Rates on 15 year fixed rate mortgages are at 4 percent. These are the lowest rates since Freddie Mac sta...