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Investing

Mortgage Rates at 60-year Lows

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By Paul Ausick Published
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According to the latest survey by Freddie Mac, a 30-year fixed-rate mortgage interest rate at the end of last week was 3.88%. That’s down a full point from the same mortgage one year ago.

A 15-year fixed-rate mortgage is available for just 3.13%, again down a full point from a year ago.

Combined with still-falling housing prices, Freddie Mac’s chief economist said, “[T]he typical family had more than double the income needed to purchase a median-priced home in January. … This high level of affordability likely contributed to the recent two-week rise ending March 2nd in mortgage applications for home purchases.”

The Freddie Mac press release is available here.

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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