HOME MORTGAGE RATES NEWS & INFORMATION
Thursday, January 08, 2009
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LATEST HOME MORTGAGE RATES NEWS:

Interest rates cut: Mortgage cheer for six million home owners
Up to six million home owners on variablerate mortgages will benefit from the base rate cut mortgage experts say.

U.S. Banks Offer Mortgage Rates Below 5% as Fed Buys Securities
Jan. 8 (Bloomberg) -- The largest U.S. banks are starting to offer fixed home loans below 5 percent after the government began buying mortgage securities to bolster the housing market.

US set for further mortgage rates fall
US mortgage activity slipped last week, however mortgage rates for home owners are on track to fall much further as the Federal Reserve implements its plan to buy securities.

Mortgage rates approach record low
Mortgage rates continue to plunge toward record territory.

Low mortgage rates tough to get
Mortgage rates are at their lowest level in decades, but Bay Area residents are discovering that qualifying for a loan is tougher than it has been in years.

U.S. Mortgage Rates Fall as Fed Buys Securities: Chart of Day
Jan. 7 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke may have finally found a way to drive down mortgage rates. The CHART OF THE DAY shows rates started falling after the Fed announced a $600 billion program to buy mortgage securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.

Bankrate: Mortgage Rates Flirt with Record Lows
Mortgage rates fell sharply in the first week of 2009, with the average 30-year fixed mortgage rate plummeting to 5.33 percent. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage has an average of 0.39 discount and origination points.