US Home Down Payments Soar To Record. Mortgage Rates Fall Again

Mortgages. Get 'em while they're hot. Err, "cheap." Financing costs for half-million dollar human self-storage compartments (hat tip to a reader for that little quip) fell a fourth straight week, the MBA said Wednesday. The rate on a 30-year commitment to a tiny plot of land with a small-ish box on it is now just 6.44%, the lowest since April of last year. Rates still aren't anywhere near low enough to catalyze a market thaw. As discussed here earlier this week, six out of seven US mortgage

Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today for as little as $7/month

View subscription options

Already have an account? log in

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

One thought on “US Home Down Payments Soar To Record. Mortgage Rates Fall Again

NEWSROOM crewneck & prints