Mortgage Rate OutlookLast week saw mortgage rates finishing near all time historic lows. Mortgage rates moved down on worldwide fears about the debt issues in Europe becoming more serious than previously thought and economic data coming out of the US that indicated that the US economy may not be as healthy as previously thought.

More global concerns also came to the forefront in the from of China’s first quarter GDP being weaker than expected.

The sum of all these issues was that mortgage rates moved close to all time historic lows, with the 15 Year Fixed Mortgage actually setting an new all time low at 3.88%, according to Freddie Mac.

Where Are Mortgage Rates Now?

Since mortgage rates can change many times throughout the day, you can call us directly or request a mortgage rate quote using the form above to get up to an up to the minute quote. We can also answer any other mortgage questions you might have and discuss the best loan for your needs. Have questions? We can help.

Economic Calendar for the Week of April 16, 2012

  • Monday – Retail Sales, Housing Market Index
  • Tuesday – Housing Starts, Industrial Production
  • Wednesday – n/a
  • Thursday – Jobless Claims, Philadelphia Fed Survey
  • Friday – n/a