U.S. consumer sentiment rises in September: survey - Yahoo! News
NEW YORK (Reuters) – U.S. consumer sentiment rose in early September to the strongest in three months with growing expectations the economy will improve, a survey showed on Friday.
The Reuters/University of Michigan Surveys of Consumers said its preliminary index of sentiment for September rose to 70.2, the highest since June, from 65.7 in August. This was above economists' median expectation of a reading of 67.3, according to a Reuters poll.
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Friday, September 11, 2009
Thursday, September 10, 2009
Mortgage rates dip to 3-month low: Freddie Mac | Special Coverage | Reuters
Mortgage rates dip to 3-month low: Freddie Mac | Special Coverage | Reuters
NEW YORK (Reuters) - U.S. mortgage rates dipped slightly in the latest week, reaching a three-month low and remaining at levels that should continue to spur home loan demand and help the hard-hit U.S. housing market to recover.
Interest rates on U.S. 30-year fixed-rate mortgages averaged 5.07 percent for the week to September 10, down slightly from the previous week's 5.08 percent, according to a survey released on Thursday by home funding company Freddie Mac. That is the lowest since 4.91 percent in the week ending May 28...
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NEW YORK (Reuters) - U.S. mortgage rates dipped slightly in the latest week, reaching a three-month low and remaining at levels that should continue to spur home loan demand and help the hard-hit U.S. housing market to recover.
Interest rates on U.S. 30-year fixed-rate mortgages averaged 5.07 percent for the week to September 10, down slightly from the previous week's 5.08 percent, according to a survey released on Thursday by home funding company Freddie Mac. That is the lowest since 4.91 percent in the week ending May 28...
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Wednesday, September 9, 2009
Tuesday, September 8, 2009
Sunday, September 6, 2009
MORTGAGE RATES NEAR RECORD LOWS
"Rates for 30-year home loans edged down this week, remaining close to record lows reached over the spring.
The average rate for a 30-year fixed mortgage was 5.08 percent, down from 5.14 percent a week earlier, according to mortgage company Freddie Mac on Thursday. Rates, while above the record low of 4.78 percent hit in the spring, are still at attractive levels for people looking to buy a home or refinance.
'Low mortgage rates are helping to keep housing very affordable,' said Frank Nothaft, Freddie Mac's chief economist.
To revive the economy, the Federal Reserve is spending $1.25 trillion on mortgage-backed securities, which has driven down rates on home loans. That money is set to run out by winter, though some analysts expect the central bank to gradually scale back its purchases, allowing the program to last longer.
Despite government efforts to prop up the mortgage market, qualifying for a loan is still tough. Lenders have tightened their standards dramatically, so the best rates are available to those with solid credit and a 20 percent down payment.
Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country. Rates often fluctuate significantly, even within a given day.
The average rate on a 15-year fixed-rate mortgage fell to 4.54 percent, from 4.58 percent last week, according to Freddie Mac.
Rates on five-year, adjustable-rate mortgages averaged 4.59 percent, down from 4.67 percent a week earlier. Rates on one-year, adjustable-rate mortgages fell to 4.62 percent from 4.69 percent."
"Rates for 30-year home loans edged down this week, remaining close to record lows reached over the spring.
The average rate for a 30-year fixed mortgage was 5.08 percent, down from 5.14 percent a week earlier, according to mortgage company Freddie Mac on Thursday. Rates, while above the record low of 4.78 percent hit in the spring, are still at attractive levels for people looking to buy a home or refinance.
'Low mortgage rates are helping to keep housing very affordable,' said Frank Nothaft, Freddie Mac's chief economist.
To revive the economy, the Federal Reserve is spending $1.25 trillion on mortgage-backed securities, which has driven down rates on home loans. That money is set to run out by winter, though some analysts expect the central bank to gradually scale back its purchases, allowing the program to last longer.
Despite government efforts to prop up the mortgage market, qualifying for a loan is still tough. Lenders have tightened their standards dramatically, so the best rates are available to those with solid credit and a 20 percent down payment.
Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country. Rates often fluctuate significantly, even within a given day.
The average rate on a 15-year fixed-rate mortgage fell to 4.54 percent, from 4.58 percent last week, according to Freddie Mac.
Rates on five-year, adjustable-rate mortgages averaged 4.59 percent, down from 4.67 percent a week earlier. Rates on one-year, adjustable-rate mortgages fell to 4.62 percent from 4.69 percent."
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