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dow2664 Mortgage Interest Rates Housing Sector Market News Today: Mortgage rates continue to hover at all time lows. Rates have been below 6 percent for approximately 4 years now and the trends continue to skew negative for mortgage interest rates. The U.S. economy recently experienced a batch of positively skewed economic reports. During the latter half of this past trading week, economic data revealed that the number of Americans filing for first time unemployment benefits dropped, as did the number of Americans filing to extend benefits a second week. Housing starts were moving up as well. This news reveals that the economic recovery in the U.S. is moving in the right direction. The better than expected economic data continues to bump up against the continued struggles in the eurozone to finalize debt resolution action planning and thus, mortgage interest rates hover in check. 30 Yr FRM and 15 YR FRM Interest Rates remain low: Although mortgage interest rates notched just higher during the last market session, rates are still posting below 4 percent. The average rate lenders are currently offering is between 3.875 and 4 percent for the 30 yr fixed. The average offer for the 15 yr frm is posting at 3.25 percent as of the last full market session in the U.S. Stephen Johnson
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