2008 December Rate Updates | Mortgage Rate News, Predictions & Trends

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Mortgage rates are again trending lower on a very short trading day.

Mortgage rates stay low, but volatile with an upward trend.

Mortgage rates are still improving from the confidence boost issued by Fed Chairman Bernanke last Tuesday.

Mortgage rates have dropped to the lowest rates since 1971. The 30-year mortgage is now reported by Freddie Mac at 5.19 percent.

Today the Federal Reserve slashed it's key rate to a floating rate between 0.25% and 0%.

Mortgage rates remain flat today. Market anticipates Federal Reserve benchmark rate announcement tomorrow.

The auto bailout fell apart in the Senate yesterday, as Senate Majority Leader Harry Reid (D-NV) pulled the plug on the legislation.

Director Lockhart, Fannie Mae and Freddie Mac chief regulator, talks about moving mortgage rates down to 4 percent.

Mortgage rates continue to improve. Slowly moving downward in anticipation that the US government will force them down to 4.5 percent.

Mortgage rates have hit a temporary stability for the last few days.

Mortgage rates look to open flat. However, good news on the auto industry front may move the stock market up and mortgage bonds down.

Mortgage rates a positioned to end the week down again.

US Treasury is currently considering a plan to push new home mortgage rates down to 4.5 percent.

Lots of volatility today, reflecting the equity market volatility.

Although mortgage rates descended to a new low in the past week, they are now stuck at these new levels.