Austin, TX (PRWEB) January 20, 2012
The Homes.org weekly mortgage rate report found that last week mortgage interest rates remained steady and the trend is likely to continue thanks mostly in part to the economic situation in Europe.
With the real estate industry expected to show some slight improvements this week, now is no time for mortgage rate increases. The Fed knows this and is doing their part to squelch upward movement by buying mortgage bonds. When bond buying is strong interest rates remain low and the Fed’s actions are keeping the traders’ interests up. This and Europe’s economic state is the primary reason for mortgage rates staying steady since last week.
Current interest rates are: