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Mortgages hit new low

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Thursday, July 19, 2012

Average rates on fixed 30-year mortgages fell to 3.53%, a record low since long-term mortgages began in the 1950s.

The average rate on the 15-year mortgage, a popular refinancing option, declined to 2.83 percent, below last week's previous record of 2.86 percent.

The rate on the 30-year loan has fallen to or matched record low levels in 12 of the past 13 weeks.

Read more at KGW.

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Reader Input: Road Work

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Oregon's roads are crumbling, and revenues from state and local gas taxes are not sufficient to pay for improvements. We asked readers if the private sector should help fund transportation maintenance and repairs. Research partner CFM Strategic Communications conducted the poll of 366 readers in February.

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Reader comments:

"I feel private enterprises are capable of operating at a higher efficiency than state government."

"This has been used in Oregon since the mid-1800s. It is not a new financing method. This form of financing may help Oregon close its infrastructure deficit by leveraging funds."


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thumbSnøhetta JBPM exterior www mir noBY KIM MOORE | RESEARCH EDITOR

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