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Thursday, August 18, 2011

Mortgage rates could fall on market slump

Standard & Poor's downgrade of the United States' credit rating late Friday, followed by downgrades of financiers Fannie Mae and Freddie Mac on Monday, might not affect the mortgage rate you can get right this instant.

By David Coster on August 9, 2011 Mortgage rates appear to be headed higher today after an overreaction to the US credit rate downgrade by Standard & Poors on Friday evening. While a world in which US debt is not universally considered to be AAA,

This post provided by Money-Rates.com. There can be a fair amount of hype associated with products like mortgages, so when you hear a phrase like "current mortgage rates are historically low," how seriously should you

9, 2011 — /PRNewswire/ — Mortgage Marvel Rate Trends™, a daily survey of over 950 lenders, shows 30-year, fixed rates dropping 0.17% to 4.44%. Rates rebounded slightly after setting new 6-month lows at 4.42% earlier in the week.

"If people are scared about other investments, whether in this country or in other countries, one of the places they go is they buy US Treasury securities and that pushes those rates down, and most mortgage rates are tied at least in the short run to

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