Average U.S. mortgage rate falls below 3% for the first time in history

The average mortgage rate fell to 2.98% this week, breaking the 3% threshold for the first time, as investors concerned about a resurgence of the COVID-19 pandemic fled to the safety of the bond markets and the Federal Reserve continued to scoop up securities backed by home loans. The average rate for a 30-year fixed […]

New Homes Open House Weekend

Liz Moore and Associates is hosting open houses at several new homes this weekend. Builders represented will include Steven Alexander Homes, Kar San Development, Westmoreland, Marquee Homes, Centex Homes, HH Hunt Homes, Hallmark Builders, Charles Ross Homes, and Wayne Harbin, Builder. The featured homes are in Ford’s Colony, Governor’s Land, Kensington Woods, Marywood, and Quarterpath. […]

Home Mortgage Rates Hit New Lows for 2014

Freddie Mac reported today that fixed mortgage rates have fallen to new lows for this year as 10-year Treasury yields closed at their lowest level since May 2013. 30-year fixed-rate mortgages averaged 3.80 percent with an average 0.6 point for the week ending December 18, 2014, down from last week when it averaged 3.93 percent. […]

Fixed mortgage interest rates continue to climb

Fixed mortgage interest rates have risen for the third straight week, according to McLean-based Freddie Mac. This marks the third straight week of  mortgage rates moving higher. reversing a trend  of  record lows for 13 of 14 weeks.   Freddie Mac’s Primary Mortgage Market Survey for this week showed: • 30-year fixed-rate mortgages (FRM) averaged […]