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Breaking News All | United Prayer | SA Center | SA Newsroom
FRONT PAGE  |  8/2/2021
SUNDAY, DEC 27, 2020  |  8 comments
U.S. mortgage rate for 30-year loans sinks to new record low
Long-term mortgage rates in the United States have fallen to a record low for the 16th time this year.

Freddie Mac's primary mortgage rate average fell in December to 2.66%, the lowest rate in the history of the survey, which has been conducted since 1971.

The 30-year fixed-rate mortgage fell 0.01% from the week's previous average low of 2.67%. The current rate is nearly 1 point lower than the 3.74% average rate a year ago.

"The housing market is poised to finish the year strong as low mortgage rates continue to fuel homebuyer demand and refinance activity," Sam Khater, Freddie Mac chief economist, said in a statement. ...


CLICK HERE to Read Entire Article
www.upi.com

Response to economic crisis?
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  Recommended sermons | more..
•  Biblical Economics • Pastor John MacArthur | 6/15/2010
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•  The Rich Fool • Pastor John MacArthur | 4/23/2010
COMMENTS  locked  
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· Page 1 ·  Found: 8 user comment(s)
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News Item12/27/2020 4:54 PM
Neil | Tucson  Find all comments by Neil
John Yurich USA wrote:
I am conservative. But why can't there be 2 different interest rates, one higher interest rate for savings accounts and one lower interest rate for loans?
Because the market has it so. If you don't like loan rates, then don't borrow. And if you don't like savings rates, then find a better investment. The mature policy is to "play the hand you've been dealt."
8

News Item12/27/2020 3:13 PM
Adriel  Find all comments by Adriel
Col 3:2 Set your affection on things above, not on things on the earth.
3 For ye are dead, and your life is hid with Christ in God.
4 When Christ, who is our life, shall appear, then shall ye also appear with him in glory.
5 Mortify therefore your members which are upon the earth; fornication, uncleanness, inordinate affection, evil concupiscence, and covetousness, which is idolatry:
6 For which things' sake the wrath of God cometh on the children of disobedience:"
7

News Item12/27/2020 3:11 PM
John Yurich USA | USA  Find all comments by John Yurich USA
Neil wrote:
Sounds like a call for further gov't regulation of the economy. I thought you were conservative.
I am conservative. But why can't there be 2 different interest rates, one higher interest rate for savings accounts and one lower interest rate for loans?
6

News Item12/27/2020 2:58 PM
Neil | Tucson  Find all comments by Neil
John Yurich USA wrote:
There should be 2 different interest rates, one high interest rate for savings accounts and lower interest rate for loans.
Sounds like a call for further gov't regulation of the economy. I thought you were conservative.
5

News Item12/27/2020 1:15 PM
Mike | New York  Find all comments by Mike
Jim Lincoln wrote:
This would be like Rush Limbaugh praising Joe Biden, you can expect a lot of snide remarks and you'll get them here. Hopefully, to keep the moderators happy, I'll try to refrain from repeating them from Mr. Frum.
excerpt from,"13 Things Trump Got Right"
https://tinyurl.com/yczvvn
—-
For the sake of accuracy, Frum reference to the pandemic causing the economic problems is bogus. It was, and is the political response to it that solely is responsible.
4

News Item12/27/2020 8:41 AM
King David  Find all comments by King David
Jim you voted for a child molester and a woman who slept her way to the top who are you to say anything. Weeping and gnashing of teeth is your future if you continue to be the man you are. I bet you believe hunter biden is a good dude here Jim here’s a smiley 😆 face for you I no you love smiley faces
3

News Item12/27/2020 7:39 AM
Jim Lincoln | Nebraska  Find all comments by Jim Lincoln
This would be like Rush Limbaugh praising Joe Biden, you can expect a lot of snide remarks and you'll get them here. Hopefully, to keep the moderators happy, I'll try to refrain from repeating them from Mr. Frum.
David Frum wrote:
APPOINTMENT OF JEROME POWELL AS FEDERAL RESERVE CHAIR
....
Powell also proved a superb appointment just in time for the pandemic-caused economic crisis of 2020. The Senate was stingy with cash relief to the economy. Monetary policy had to do most of the lifting—and Powell was equal to the lift.

...Powell stepped up in 2020 with a policy that was both bold and—unusual for any Trump appointee—internationally coordinated.....

excerpt from,"13 Things Trump Got Right"

https://tinyurl.com/yczvvnv6

I agree John Y.❗👍💰

2

News Item12/27/2020 7:25 AM
John Yurich USA | USA  Find all comments by John Yurich USA
There should be 2 different interest rates, one high interest rate for savings accounts and lower interest rate for loans.
1
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