Mortgage Rates Hit All-Time Low, Does Not Help Slide In Home Prices – 24/7 Wall St.

Average interest rates on fixed 30-year fixed-rate mortgages fell to an all-time low according to Freddie Mac’s weekly survey of conforming mortgage rates. The average rates for loans of this type dropped to 4.37% down from 4.94% a year ago.

The drop in rates clearly has done little to improve either home sales or home prices. The latest Case-Shiller data show a less than modest up-tick in home prices in their 10-market and 20-market studies. The drop fro 2006 is still breathtaking.

via Mortgage Rates Hit All-Time Low, Does Not Help Slide In Home Prices – 24/7 Wall St..

Digg

Stumble Upon

Del.icio.us

Buzz

News Archive November 2010  (28) October 2010  (95) September 2010  (52) August 2010  (72)