Morning Minute: Mortgage rates continue to hover at or near record lows, Freddie Mac reports

Good news for homebuyers and owners seeking to refinance, fixed mortgage rates moved lower for the fourth consecutive week and continued to support the ongoing housing recovery, Freddie Mac reported Thursday.

The 30-year fixed-rate mortgage averaged 3.40 percent, down slightly from last week’s 3.41 percent, while the 15-year rate hit an all-time record low at 2.61 percent.

Some of today’s headlines:

Ill. county recorders to split $3.3M settlement – Daily Herald

Home equity loans staging a comeback – Chicago Tribune

Homeowners near CTA stations get a property price boost, study says – Medill News Service

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About Stephanie Sievers

Stephanie Sievers is Associate Editor for the Illinois Association of REALTORS®. She serves as Associate Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.