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The average on the 15-year fixed mortgage was also unchanged at 3.16 percent.
What's happening with mortgage rates? We've asked Jeff Lazerson, of Mortgage Grader in Laguna Niguel, to give us his weekly take NEWS SUMMARY - From...

Home prices fall for 6th straight month

Posted by mortgage 148 days ago (Editorial)
Housing markets, which had seemed to be slowly gathering strength earlier this year, fell for the sixth straight month in October, down 1.2% compared with September and 3.4% from 12 months earlier.

Home prices down for 6th straight month

Posted by mortgage 148 days ago (Editorial)
Housing markets, which had seemed to be slowly gathering strength earlier this year, fell for the sixth straight month in October, down 1.2% compared with September and 3.4% from 12 months earlier.
WASHINGTON ? The average rate on the 30-year fixed mortgage hovered above its record low for a fifth straight week. Despite the great opportunity, few have the means or stomach to buy or refinance in the depressed housing market. Freddie Mac said Thursday the rate on the 30-year home loan rose slightly to 4 percent from 3.98 percent the week before. Eight weeks ago, it dropped to a record low of
LONDON (Reuters) - House prices edged up in November, beating expectations and despite a weak economy, but activity remains subdued and prices are more likely to dip in the next 12 months, mortgage lender Nationwide said on Tuesday. House prices rose 0.4 percent from October on a seasonally adjusted basis, their third straight monthly increase, a Nationwide survey showed. Prices were 1.6 percent
WASHINGTON ? The average rate on the 30-year mortgage stayed hovered above the record low for a third straight week. But cheap mortgage rates have done little to boost home sales or refinancing. Freddie Mac said Thursday that the rate on the 30-year loan ticked up to 4 percent from 3.99 percent. Six weeks ago, it dropped to a record low of 3.94 percent, according to the National Bureau of ...
Fixed mortgage rates dropped for the eighth straight week, low rates have done little to boost the struggling housing market.

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