Mortgage Rates Hit Another Record Low The national, 30-year fixed-mortgage rate (FRM) slightly decreased from a week earlier, setting a new record low average of 4.26%, according to the Zillow Mortgage Marketplace weekly update. This is down 0.03% from last week and 0.02% below the previous record low. Regionally, 30-year rates vary, but the majority… Read More
Loose Lending Didn’t Create the Housing Bubble
May 5, 2010 By Leave a Comment
“Contrary to the assertions of many economists and others, the boom and bust in housing over the last decade was not primarily caused by low interest rates, reduced down payment requirements, or laxer underwriting standards. Yes, after years of bashing the mortgage industry for lax underwriting, bashing the Federal Government for negligently low interest rates… Read More
