Archives for November 2013

For the second consecutive week, fixed-rate mortgages declined, lowering borrowing costs and helping to alleviate some signs of softening in the housing market, according to Freddie Mac's weekly mortgage market report. The 30-year fixed-rate mortgage averaged 4.10 percent this week, its lowest average since June. The Federal Reserve announced this week after its monetary policy meeting that it would be keeping its $85 billion per month bond-buying program in place for now, which should help sustain low … [Read more...]