US Rate On 30-Year Mortgage Hits Record 3.84 Percent - Spokane, North Idaho News & Weather KHQ.com

US Rate On 30-Year Mortgage Hits Record 3.84 Percent

 

WASHINGTON (AP) - Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week, offering more incentive for Americans to buy or refinance homes.

Mortgage buyer Freddie Mac says the rate on the 30-year loan fell to 3.84 percent, the lowest since long-term mortgages began in the 1950s. That's below the previous record rate of 3.87 percent reached in February.

The 15-year mortgage, a popular option for refinancing, dropped to 3.07 percent, also a record. The previous record of 3.12 percent hit last week.

Mortgage rates have been below 5 percent for the past year. Yet homes sales have slumped and remain well below healthy levels.

      
      (Copyright 2012 by The Associated Press.  All Rights Reserved.)
      

 

  • Most Popular StoriesMost Popular StoriesMore>>

  • One killed, two injured in Highway 195 crash south of Rosalia

    One killed, two injured in Highway 195 crash south of Rosalia

    Sunday, September 24 2017 3:19 PM EDT2017-09-24 19:19:33 GMT

    ROSALIA, Wash. - Washington State Patrol reports one person is dead after a crash on Highway 195 Saturday night.  It happened around 10:30 p.m. about one mile south of Rosalia. Troopers say a 2002 Chevrolet Blazer driven by 36-year-old Joshua J.Kenyon was northbound on 195 and a 2011 Chevrolet Tahoe, driven 37-year-old Angela C. Pressnal, was headed southbound on the highway.

    >>

    ROSALIA, Wash. - Washington State Patrol reports one person is dead after a crash on Highway 195 Saturday night.  It happened around 10:30 p.m. about one mile south of Rosalia. Troopers say a 2002 Chevrolet Blazer driven by 36-year-old Joshua J.Kenyon was northbound on 195 and a 2011 Chevrolet Tahoe, driven 37-year-old Angela C. Pressnal, was headed southbound on the highway.

    >>
  • Steelers will stay in locker room during National Anthem in game against Chicago

    Steelers will stay in locker room during National Anthem in game against Chicago

    Sunday, September 24 2017 12:26 PM EDT2017-09-24 16:26:04 GMT

    PITTSBURGH - In the wake of President Donald Trump's remarks on Friday, many football players, teams, and other athletes have issued statements condemning the president. On Sunday several players have taken a knee during the National Anthem in response to Trump's statement that players who kneel should be fired.

    >>

    PITTSBURGH - In the wake of President Donald Trump's remarks on Friday, many football players, teams, and other athletes have issued statements condemning the president. On Sunday several players have taken a knee during the National Anthem in response to Trump's statement that players who kneel should be fired.

    >>
  • Hundreds gather to remember student killed in Freeman shooting

    Hundreds gather to remember student killed in Freeman shooting

    Saturday, September 23 2017 9:44 PM EDT2017-09-24 01:44:28 GMT

    SPOKANE, Wash. - On Saturday afternoon hundreds of people made their way to University High School to pay their respects and remember Sam Strahan, the 15-year-old student who was killed in a shooting at Freeman High School on September 13. The Spokane community came together to say their final goodbyes to Sam. 

    >>

    SPOKANE, Wash. - On Saturday afternoon hundreds of people made their way to University High School to pay their respects and remember Sam Strahan, the 15-year-old student who was killed in a shooting at Freeman High School on September 13. The Spokane community came together to say their final goodbyes to Sam. 

    >>
HD DOPPLER 6i
/