October 11, 2018

Please reload

Recent Posts

The Fastest Way to Save for a House

November 26, 2017

1/4
Please reload

Featured Posts

Mortgage Rates Plunge to 2017 Low

September 9, 2017

 

Rates for home loans sank to their lowest level of the year this week as inflation remained stubbornly low and fears about a possible government shutdown mounted, mortgage provider Freddie Mac said Thursday.

The 30-year fixed-rate mortgage averaged 3.86% during the August 24 week, down three basis points to a nine-month low. The 15-year fixed-rate mortgage averaged 3.16%, unchanged during the week. The 5-year Treasury-indexed adjustable-rate mortgage averaged 3.17%, up one basis point. 

 

Those rates don’t include fees associated with obtaining mortgage loans.

The 30-year fixed-rate mortgage followed the path of the 10-year Treasury yieldTMUBMUSD10Y, +1.10%  , which sank six basis points during the week, moving opposite of its price. The benchmark note’s yield recorded its biggest single-day selloff in over a month on Wednesday after President Donald Trump threatened to shut down the government if his Mexican wall isn’t funded. 

Demand for government bonds has remained strong as political uncertainty jangles investors’ nerves and as inflation continues to elude central banks around the world.

 

Share on Facebook
Share on Twitter
Please reload

Follow Us
Please reload

Search By Tags
Please reload

Archive
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
  • Grey YouTube Icon
  • Grey Facebook Icon
  • Grey Instagram Icon
  • Grey Yelp Icon

© 2020 by K2 at Simply Real Estate

5700 University Blvd. SE • Suite 330

Albuquerque, NM 87106

Direct: 505-369-2053

Office: 505-308-3800

Real Estate working for you!

nm_albuquerque_real-estate-agents_2020_t