US Mortgage Rates at Rock Bottom

What is going on in the US housing market as the US Mortgage Rates hit rock bottom but is unlikely to revive the sales as the home market is flat on the floor.

US Mortgage Rates at Rock Bottom

US Mortgage Rates at Rock Bottom

Latest official report  – quote – Five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 2.96%, down from 3.07% last week and 3.54% a year earlier. One-year Treasury-indexed ARM rates averaged 2.89%, down from 2.93% in the prior week and 3.5% in the prior year.

‘Barack Obama has no time to help the US Housing Market as he is nearly full time ‘on the stump’ battling to try and make sure he is not a one term President!’

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