Content Tagged As record_low

3 years 9 months ago

Mortgage rates drop to record low

Mortgage rates fell for the second straight week to the lowest point in five decades, but it may not be enough to jump-start the housing market. Mortgage company Freddie Mac says the average rate for 30-year fixed loans dropped to 4.57 percent. That's down from the previous record of...

4 years 1 month ago

New home sales fall to record low

Sales of new homes plunged to a record low in January, underscoring the formidable challenges facing the housing industry as it tries to recover from the worst slump in decades. The Commerce Department reported Wednesday that new home sales dropped 11.2 percent last month to a seasonally adjusted annual...

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