{"id":11509,"date":"2009-04-23T22:01:46","date_gmt":"2009-04-23T19:01:46","guid":{"rendered":"http:\/\/www.turkishforum.com.tr\/en\/content\/?p=11509"},"modified":"2023-04-05T10:50:11","modified_gmt":"2023-04-05T07:50:11","slug":"11509","status":"publish","type":"post","link":"https:\/\/www.turkishnews.com\/en\/content\/2009\/04\/23\/11509\/","title":{"rendered":"U.S. mortgage rates nudge closer to record low"},"content":{"rendered":"<h1><\/h1>\n<ul>\n<li>Thursday April 23, 2009, 11:01 am EDT<\/li>\n<\/ul>\n<ul>\n<li>\n<form id=\"media-buzz-top\" action=\"http:\/\/buzz.yahoo.com\/vote\/\" method=\"post\"> <input name=\"publisherurn\" type=\"hidden\" value=\"y_finance\" \/> <input name=\"guid\" type=\"hidden\" value=\"yahoo_finance\/4132107242\" \/> <input name=\".done\" type=\"hidden\" value=\"\/news\/US-mortgage-rates-nudge-rb-15012109.html\" \/> <input name=\"assettype\" type=\"hidden\" value=\"article\" \/> <input name=\"votetype\" type=\"hidden\" value=\"1\" \/> <input name=\"from\" type=\"hidden\" value=\"orion\" \/> <input name=\"key\" type=\"hidden\" value=\"73979\" \/><\/form>\n<\/li>\n<\/ul>\n<p>By Julie Haviv<\/p>\n<p>Reuters &#8211; A prospective home buyer tours a condominium for sale in Medford, Massachusetts, April 2, 2009. REUTERS\/Brian Snyder &#8230;<\/p>\n<p>NEW YORK (Reuters) &#8211; U.S. mortgage rates fell in the latest week, nudging closer to a recent record low, helped by government efforts to bring rates down to levels that will spur demand and help the hard-hit housing market begin to recover.<\/p>\n<p>Interest rates on U.S. 30-year fixed-rate mortgages fell to 4.80 percent for the week ending April 23, down from the previous week&#8217;s 4.82 percent, according to a survey released on Thursday by home funding company Freddie Mac.<\/p>\n<p>Three weeks earlier, mortgage rates were 4.78 percent, which was the lowest since Freddie Mac started surveying them in 1971.<\/p>\n<p>The drop is a glimmer of hope for the U.S. housing market amid otherwise dismal data.<\/p>\n<p>The National Association of Realtors on Thursday said the pace of sales of existing homes in the United States fell 3.0 percent in March to a much lower-than-expected annual rate of 4.57 million units.<\/p>\n<p>&#8220;Although long-term mortgage rates eased slightly this week, ARM rates remain elevated relative to those fixed-rate mortgages,&#8221; Frank Nothaft, Freddie Mac vice president and chief economist, said in a statement.<\/p>\n<p>The battered U.S. housing market, which is in the midst of its worst downturn since the Great Depression, is both the source and a major casualty of the credit crisis. A recovery for the market could portend a turnaround for the United States, the world&#8217;s largest economy.<\/p>\n<p>(Additional Reporting by Lucia Mutikani)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thursday April 23, 2009, 11:01 am EDT By Julie Haviv Reuters &#8211; A prospective home buyer tours a condominium for sale in Medford, Massachusetts, April 2, 2009. REUTERS\/Brian Snyder &#8230; NEW YORK (Reuters) &#8211; U.S. mortgage rates fell in the latest week, nudging closer to a recent record low, helped by government efforts to bring [&hellip;]<\/p>\n","protected":false},"author":83,"featured_media":69723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[745],"class_list":["post-11509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-turkey","tag-economic-crisis"],"_links":{"self":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/11509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/comments?post=11509"}],"version-history":[{"count":0,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/11509\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media\/69723"}],"wp:attachment":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media?parent=11509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/categories?post=11509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/tags?post=11509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}