|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||3.1200 - 3.1200|
|52 Week Range||2.2700 - 3.7500|
|Beta (5Y Monthly)||1.83|
|PE Ratio (TTM)||45.88|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jun 12, 2008|
|1y Target Est||N/A|
Mortgage rates continued to fall this week, averaging just over 7%. It is the sixth straight week rates have dropped, undoing seven previous consecutive weeks of increases.
Mortgage finance giant Freddie Mac said the average rate on a 30-year fixed rate mortgage fell to 7.03% as of Thursday from 7.22% the week before. Since hitting their highest levels in more than two decades in October near 8%, mortgage rates have tumbled as bond markets have rallied on expectations the Federal Reserve is done with its aggressive tightening campaign to rein in inflation.
Home loan financing costs eased again this week, as the average long-term U.S. mortgage rate slid to its lowest level in four months. The average rate on a 30-year mortgage dropped to 7.03% from 7.22% last week, mortgage buyer Freddie Mac said Thursday. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loan, also declined this week, with the average rate falling to 6.29% from 6.56% last week.