US 30-year mortgage and refinance mortgage rates dip - 2006-03-02
Average interest rates on U.S. 30-year fixed rate mortgage and refinance mortgage loans fell in the latest week, to 6.24 percent from 6.26 percent, according to a survey released by mortgage finance company Freddie Mac on Thursday. A year ago, 30-year mortgages averaged 5.79 percent. The forecast calls for rates on 30-year fixed-rate mortgages to climb approximately one-quarter of a percentage point by the end of the year.
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Real estate trends change over the years - 2006-03-02
Once upon a time in Libertyville, you could shell out as little as $500 for a lot and construct a home. About 25 years ago, prices jumped to $5,000, and then increased to $10,000. Times have really changed. Krueser started his real estate career in the 1970s. The Libertyville resident remarked interest rates for home financing have varied greatly over the past two decades when compared to today's lending requirements.
Read the full story at Pioneer Press Online