Mortgages Blog

Finance Blogs » Mortgages Blog » Another week, another low

Another week, another low

By Holden Lewis ·
Thursday, September 2, 2010
Posted: 9 am ET

The benchmark 30-year fixed mortgage rate fell again this week to a modern-day record low. Rates haven't been this low in more than 50 years.

Many borrowers will discover that Fannie and Freddie add fees that make a mortgage more costly. The generic term is risk-based pricing. As I explain in the mortgage analysis in the link above, the fees can add up to a lot of money. You can either pay them out of pocket at closing, or take a higher rate.

In this week's Rate Trend Index, a majority of voters expect mortgage rates to remain relatively unchanged over the next week.

Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.