Freddie Mac’s Primary Mortgage Market Survey reported mortgage rates hitting a record low today, lower than ever recorded since the survey’s inception in 1971. The report shows 30-year fixed loans at 4.85%, five-year adjustable rates falling to 4.96% and one-year adjustable rates dropping to 4.85%. Frank Nothaft, Freddie Mac’s head economist, noted that “potential [...]

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Yesterday, in a bold attempt to get credit flowing more freely, the Federal Reserve announced its decision to pump more than $1 trillion into the mortgage market. For potential home buyers sitting on the fence, the timing just got better. Analysts expect this influx of cash to plunge already-low mortgage rates another quarter [...]

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