By Pete Carey 09/27/2013 pcarey@mercurynews.com – The continuing influx of well-heeled homebuyers from Asia has Bay Area real estate firms competing for a lucrative and growing slice of the region’s residential market. Continue reading
By MARCY GORDON AP Business Writer
WASHINGTON—Average U.S. rates on fixed mortgages fell again to new record lows. The decline suggests the Federal Reserve’s stimulus efforts may be having an impact on mortgage rates.
Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.40 percent. That’s down from last week’s rate of 3.49 percent, which was the lowest since long-term mortgages began in the 1950s.
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