washington, may 24 (upi) -- average mortgage rates for long-term, fixed-rate loans keep falling to record lows, the federal home loan mortgage corp. said thursday.
uk mortgage holders feeling the squeeze
according to one report, consumers are more than £100 (s$201) worse off than during the same period in 2011, while a consumer sentiment survey revealed that mortgage holders are feeling the pinch from recent interest rate hikes.
fixed mortgage rates hover at record lows
a 30-year fixed rate mortgage averaged 3.78 percent; one year ago, the 30-year frm averaged 4.6 percent
uk mortgage activity up 16%
the index shows that mortgage activity remains strong with year-on-year figures rising 16 percent, even though mortgage applications declined 13 percent in april from march.
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