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Loan Modification

: The Truth About Mortgage.com

24 Million Homeowners Had Mortgage Rates Above 6% Last Year

By scot184

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Interesting tidbit from the Census Bureau’s 2009 American Housing Survey, via Calculated Risk. Per the forthcoming report, 24.1 million first mortgages had associated interest rates above six percent. And only 6.2 million first mortgages had rates under five percent, despite mortgage rates currently being at record lows (4.42% for a 30-year fixed). Nearly 10 million more had interest [...]

Full post as published by The Truth About Mortgage.com on August 19, 2010 (boomark / email).

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