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  2. Causes of the 2000s United States housing bubble - Wikipedia

    en.wikipedia.org/wiki/Causes_of_the_2000s_United...

    [71] Between 2000 and 2003, the interest rate on 30-year fixed-rate mortgages fell 2.5 percentage points (from 8% to all-time historical low of about 5.5%). The interest rate on one-year adjustable rate mortgages (1/1 ARMs) fell 3 percentage points (from about 7% to about 4%). Richard Fisher, president of the Dallas Fed, said in 2006 that the ...

  3. 2000s United States housing bubble - Wikipedia

    en.wikipedia.org/wiki/2000s_United_States...

    [citation needed] In order to further ease the credit crunch in the U.S. credit market, at 8:15 a.m. on August 17, 2007, the chairman of the Federal Reserve Bank Ben Bernanke decided to lower the discount window rate, which is the lending rate between banks and the Federal Reserve Bank, by 50 basis points to 5.75% from 6.25%. The Federal ...

  4. 2000s United States housing market correction - Wikipedia

    en.wikipedia.org/wiki/2000s_United_States...

    House in Salinas, California under foreclosure, following the bursting of the U.S. real estate bubble. The 30-year mortgage rates increased by more than a half a percentage point to 6.74 percent during May–June 2007, [78] affecting borrowers with the best credit just as a crackdown in subprime lending standards limits the pool of qualified ...

  5. Mortgage and refinance rates for Jan. 28, 2025: Average rates ...

    www.aol.com/finance/mortgage-and-refinance-rates...

    The current average interest rate for a 30-year fixed mortgage is 7.05% for purchase and 7.04% for refinance, down 6 basis points from 7.11% for purchase and 6 basis points from 7.10% for ...

  6. Refinance rates for Monday, February 3, 2025 - AOL

    www.aol.com/finance/mortgage-and-refinance-rates...

    At the conclusion of its first rate-setting policy meeting of the year, on January 29, 2025, the Federal Reserve announced it was leaving the federal funds target interest rate at 4.25% to 4.50% ...

  7. Timeline of the 2000s United States housing bubble - Wikipedia

    en.wikipedia.org/wiki/Timeline_of_the_2000s...

    In Q1/2007, S&P/Case-Shiller house price index records first year-over-year decline in nationwide house prices since 1991. [55] The subprime mortgage industry collapses, foreclosure activity increases [56] and rising interest rates threaten to depress prices further as problems in the subprime markets spread to the near-prime and prime mortgage ...

  8. Mortgage and refinance rates for Jan. 16, 2025: Rates hit ...

    www.aol.com/finance/mortgage-and-refinance-rates...

    The current average rate for a 30-year fixed mortgage is 7.13% for purchase and 7.15% for refinance — up 10 basis points from 7.03% for purchase and 9 basis points from 7.06% for refinance last ...

  9. Mortgage industry of the United States - Wikipedia

    en.wikipedia.org/wiki/Mortgage_industry_of_the...

    Common indices in the U.S. include the U.S. Prime Rate, the London Interbank Offered Rate (LIBOR), and the Treasury Index ("T-Bill"); other indices are in use but are less popular. In the U.S., the fixed rate mortgage term is usually up to 30 years (15 and 30 being the most common), although longer terms may be offered in certain circumstances.