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.

2 thoughts on “US Home Down Payments Soar To Record. Mortgage Rates Fall Again

    1. Actually, these days you can’t give a loved one or family person a loan you will never collect, without creating a tax event and bar the granting of a mortgage. Over the years I have made three contributions to my daughter for a down payment on a house. In all three cases she could not obtain a mortgage unless I filled out an affidavit swearing my contribution was an outright gift that would not be repaid.

NEWSROOM crewneck & prints