26th Thursday Apr 2012

30-year Mortgage Drops to Near Record Low

Written by: Vanessa
Comments: 0
Category: Real Estate Bits

Extending a long stay near record lows, fixed mortgage rates edged lower this week, with lenders offering the typical 30-year loan to solid borrowers at 3.88%, down from 3.9% last week, according to giant loan buyer Freddie Mac.

This week’s average for the 15-year fixed loan was 3.12%, down from 3.13% a week earlier. Adjustable loans were mixed. The start rate fell on mortgages that adjust once a year but rose on loans that become adjustable after five years at a fixed rate. – LA Times

 

Related Posts Plugin for WordPress, Blogger...

Share

  • Share:

Leave a reply on "30-year Mortgage Drops to Near Record Low"

Follow Us:
© 2019. Soulful Abode. All Rights Reserved.