Why Isn’t the 30 Fixed-Rate Mortgage at 2.6% ?
From The Big Picture
January 4, 2013 - 8:30am
Why Isn’t the Thirty-Year Fixed-Rate Mortgage at 2.6 Percent? Andreas Fuster and David Lucca December 31, 2012 As of mid-December, the average thirty-year fixed-rate mortgage was near its historic low of about 3.3 percent, or half its level in August 2007 when financial turmoil began. However, yield declines in the mortgage-backed-securities (MBS) market, where bundles [...]Continue reading this article »