deinvesteerder schreef op 3 mei 2012 18:43:
Good news for prospective homebuyers, bad news for those looking for signs of economic life in housing: Mortgage rates hit new record lows last week, thanks to underwhelming growth and economic concerns.
We've been following the weekly rates as the housing bulls and bears continue to declare bottoms and not-bottoms. Freddie Mac said Thursday the 30-year mortgage rate fell for a second week, to 3.84%, down from its previous all-time record low of 3.87% on February 9. The 15-year fixed average also fell to a new all-time low of 3.11%.
[Click here to find mortgage rates in your area.]
The 30-year rate hit a recent high of 4.08% in March but has been unable to top 4% since. Last year at this time, it averaged 4.71%.
"Signs of slowing economic growth and inflation remaining subdued allowed yields on Treasury bonds to ease somewhat and brought most mortgage rates to new all-time record lows this week," said Frank Nothaft, vice president and chief economist at Freddie Mac, noting the disappointing GDP figures that came out last Friday.
The Mortgage Bankers Association's Market Composite Index, an indication of mortgage application volume, barely budged last week, rising 0.1% after falling sharply by 3.8% the week prior.