How to snag mortgage rates in 3% range

NEW YORK – July 3, 2012 – Mortgage rates are at record lows, with 30-year fixed-rate mortgages – the most popular choice among homebuyers – averaging in the 3 percent range for the last several weeks.

So how can homebuyers snag such low financing for their home purchase?

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U.S. 30-year mortgage drops to record-low 3.67%

WASHINGTON – June 8, 2012 – Average U.S. rates on 30-year and 15-year fixed mortgages this week fell to fresh record lows for the sixth straight week. Cheap mortgages continue to help boost prospects for home sales this year.

Mortgage buyer Freddie Mac says the average rate on the 30-year loan dropped to 3.67 percent. That’s down sharply from 3.75 percent last week and the lowest since long-term mortgages began in the 1950s.

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Realtors® Offer Support for Bill to Help Responsible Homeowners Refinance

WASHINGTON (May 24, 2012) – A proposed bill to streamline and align the refinance processes of Fannie Mae and Freddie Mac may soon make it easier for homeowners who are current on their mortgage payments but who have been previously unable to refinance to finally take advantage of record low interest rates.

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“Some men have thousands of reasons why they cannot do what they want to, when all they need is one reason why they can.” ~ Willis Whitney (1868-1958)