“When you add the tax credits, the favorable mortgage rates and prices that continue to be as low as they can go, the conditions point to an upswing in activity at some point as homebuyers who are sitting on the sidelines decide to move back into the market,” he added.Ī year ago, the 30-year mortgage rate averaged 5.97 percent and the 15-year rate stood at 5.74 percent. The newest test of record low borrowing costs comes just as the Obama administration this month extended another key housing incentive, an $8,000 first-time homebuyer tax credit, and added a $6,500 credit aimed at current homeowners looking to move. Mulraine, economics strategist at TD Securities in Toronto. “Affordability conditions just seem to be improving by the minute,” said Millan L. The average 30-year rate dropped 0.05 percentage point to 4.78 percent in the week ended November 25, equaling the lowest rate since Freddie Mac started tracking rates weekly in 1971.įifteen-year mortgage rates dipped 0.03 percentage point in the week to 4.29 percent, the lowest since Freddie Mac began tracking them weekly in 1991. 30-year mortgage rates dropped to match a record low set in April, while the 15-year home loan rate fell to a new all-time low, Freddie Mac said on Wednesday.

housing market that is starting to gather steam. mortgage rates sank to or near record lows in the past week, home funding company Freddie Mac FRE.N said, improving affordability in a battered U.S. ‘UCRETE’ floorings can be implemented over uncountable surfaces, such as old concrete or concrete with high levels of moisture.NEW YORK (Reuters) - U.S. Among the different applications are: food industry (dairy, canning, meat, etc.), chemical and pharmaceutical industries, or even metallurgical and textile industries. This type of floorings is specially recommended when resistance to heavy traffic, corrosion or steam cleaning is crucial.

When used for industrial purposes their durability is optimal.Ī wide range of colours and finishes are available: non-slip, smooth and terrazzo-like. The ‘UCRETE’ floorings consist of polyurethane and cement, which confer on them an exceptional chemical and mechanical resistance.

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