The beloved architectural style known as Craftsman has undeniably British roots, yet it’s unmistakably American, from Oregon to Alabama to Illinois. Might that explain its enduring appeal?
Mortgage rates hit record low; under 4 percent
Fixed rate mortgages drop to 3.94 percent
For the first time ever, the fixed rate on a 30-year mortgage has dropped below 4 percent.
The average rate of 3.94 percent dropped from 4.01 percent last week, Fannie Mae reported today. Rates on 15-year mortgages averaged 3.26 percent.
30-year fixed rates have been below 5 percent for all but two weeks this year, but have had little impact on home sales.