Mortgage Rates Sink to Lowest Level on Record - Spokane, North Idaho News & Weather KHQ.com

Mortgage Rates Sink to Lowest Level on Record

WASHINGTON (AP) - Mortgage rates fell this week to the lowest level on record, giving consumers added incentive to lock in low payments on home purchases and refinancings.

Mortgage company Freddie Mac says the average rate for 30-year fixed loans sank to 4.69 percent, from 4.75 percent last week.

That's the lowest since Freddie Mac began tracking rates in 1971. The previous record of 4.71 percent was set in December. Rates for 15-year and five year mortgages also hit lows.

Mortgage rates have fallen over the past two months. Investors wary of the European debt crisis and the turbulent stock market have shifted money into the safety of Treasury bonds, driving down yields. Mortgage rates tend to track the yields on long-term Treasury debt.
      
(Copyright 2010 by The Associated Press.  All Rights Reserved.)
   

  • Most Popular StoriesMost Popular StoriesMore>>

  • "My son was just gone": mother of kidnapped baby speaks out about online danger

    "My son was just gone": mother of kidnapped baby speaks out about online danger

    Tuesday, November 21 2017 12:30 AM EST2017-11-21 05:30:18 GMT
    Police say Fern Littlecalf kidnapped a babyPolice say Fern Littlecalf kidnapped a baby

    SPOKANE, Wash.- The mother of a 6-month old baby who was kidnapped as part of an elaborate online scam is speaking out, urging everyone to be careful who they meet on the internet.  Lekeisha Johnson, from Kennewick, says she thought she'd been in a relationship with a man for weeks, but then she found out that her supposed boyfriend never existed in the first place. 

    >>

    SPOKANE, Wash.- The mother of a 6-month old baby who was kidnapped as part of an elaborate online scam is speaking out, urging everyone to be careful who they meet on the internet.  Lekeisha Johnson, from Kennewick, says she thought she'd been in a relationship with a man for weeks, but then she found out that her supposed boyfriend never existed in the first place. 

    >>
  • SUV driver crashes into De Leon Foods and then takes off

    SUV driver crashes into De Leon Foods and then takes off

    Tuesday, November 21 2017 10:20 AM EST2017-11-21 15:20:29 GMT
    Courtesy De Leon FoodsCourtesy De Leon Foods

    SPOKANE, Wash.- Spokane Police are looking for the person who crashed into De Leon Foods on Francis in north Spokane. 

    >>

    SPOKANE, Wash.- Spokane Police are looking for the person who crashed into De Leon Foods on Francis in north Spokane. 

    >>
  • Texas sheriff added to woman's crude anti-Trump truck decal

    Texas sheriff added to woman's crude anti-Trump truck decal

    Monday, November 20 2017 6:43 PM EST2017-11-20 23:43:48 GMT

    HOUSTON - A woman whose pickup truck displays an expletive-filled message to President Donald Trump and his supporters has added an identical rant aimed at a suburban Houston sheriff. Karen Fonseca said Monday that Fort Bend County Sheriff Troy Nehls "messed with the wrong person" when deputies arrested her Thursday on an old, unrelated warrant for fraud.

    >>

    HOUSTON - A woman whose pickup truck displays an expletive-filled message to President Donald Trump and his supporters has added an identical rant aimed at a suburban Houston sheriff. Karen Fonseca said Monday that Fort Bend County Sheriff Troy Nehls "messed with the wrong person" when deputies arrested her Thursday on an old, unrelated warrant for fraud.

    >>
HD DOPPLER 6i
/