This week's housing data go to the bears and those who are looking (and able) to buy or refinance. Mortgage rates again hit record lows. This time the average 30-year fixed rate mortgage fell to 3.75 percent and the 15-year rate fell to 2.97 percent as market concerns over Eurozone tensions continued to pressure long-term Treasury bond yields.
Compared to a year ago, rates on 30-year fixed mortgage rates are almost 0.9 percentage points lower, which adds up to nearly $1,200 less in annual payments on a $200,000 loan, according to Freddie Mac vice president and chief economist Frank Nothaft.
Here's a look at mortgage rates:
Housing bottom calls have not been hard to find the last day, week, month or few years -- for one, guest columnist, housing guru and author of the Calculated Risk blog, Bill McBride, wrote this week that housing may have hit an inflection point, and "there are several signs that prices may already be at or nearRead More »from Mortgage Rates Hit Fresh Lows in Dim Week for Housing