Posted on 13 February 2010
Tags: 30 year mortgage, 30 Year mortgage rate trends, adjustable rate mortgage, BFM FHLMC Mortgsecurities Fund, chief economist, economic, Economy of the United States, Finance, fixed mortgage, fixed rate mortgage, freddie Mac, home loan, home mortgage loan, interest, interest charges, interest fee, interest only mortgage, Interest Rates, lower mortgage rates, Mortgage, Mortgage Bankers Association, mortgage news, Mortgage-backed security, Personal Finance, refinance, Refinance loans, refinancing, Strategies Research Partners, Super jumbo mortgage
No doubt, 30 year mortgage is the most popular type of home loans among people as it offers a fixed interest rate and monthly payments are lower. But due to the long term mortgage borrowers is required to pay off more interest over the loan life. These mortgages are the best options to purchase home through loans.
A fluctuation in the rates on the 30-year mortgages has been recorded as in comparison with the last year these rates are lower this year. Last year the average rates were about 5.16% where as the average rate this year is nearly 5%.
According to Freddie Mac fixed rate mortgages have faced a drastic downfall from the 4.04% to 4.34%. Likewise, this downfall was also recorded on five year adjustable rate mortgages from 4.27% to 4.19% before a week. While the rise in one year ARMs have been recorded from 4.22% to 4.33%.
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Posted on 04 July 2009
Tags: 30 year FRM, 30 Year mortgage rate trends, fall in mortgage rates, FRM, Historical Graphs for 30 Year FRM, Historical Graphs for 30 Year FRM 1971-2009, Interest Rates, Interest Rates Trends, Moetgage rates goes up, Mortgage Interest Rates Trends, Mortgage rates comes down, Real Estate, rise in mortgage rates, the prime rates
In this article we have given the 30 Year mortgage rate trends from the year 1971 up till 2009. The graph below shows the rates of 30 Year FRM and the prime rates.
Following the above graph which starts from June 1971 the rates of 30 Year FRM was in between 7% and 8% where as the prime rates were in between 5% to 6% after that the 30 Year FRM rates were quite stable up till June 1973 but soon after that it rises up to 9% then there we can see a little drop in June 1974 and then after that it again rises up to 10%.
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