Freddie Mac | Ishakis Finance Report Mortgage Broker Brooklyn

What’s Ahead For Mortgage Rates This Week : July 23, 2012

Mortgage markets improved last week on expectations for new Federal Reserve stimulus, plus ongoing concerns about the European Union’s future.

Analysts made bold calls at the start of the year about the housing and mortgage markets. How good were their predictions?

30-year fixed rate mortgage rates made new, all-time lows once again this week.

The national average 30-year fixed rate mortgage rate fell 5 basis points to 3.66% this week.

Today’s mortgage rates are a bargain as compared to just 1 year ago.

For the fifth consecutive week, conforming 30-year fixed rate mortgage rates have dropped to new all-time lows.

Conforming mortgage rates continue to drop.

Mortgage rates improved last week for the first time in 3 weeks.

Mortgage markets improved last week as a global flight-to-quality continued.

After a brief surge north 4 percent last month, mortgage rates have settled back near their lowest levels of all-time.