Despite all the negative news about the real estate market these days, there is still good news for some. For those looking to buy, there has never been a better time. This past week mortgage rates have fallen to record lows. A 30-year fixed rate averages about 4.69% and the 15-year fixed rate is at […]
Posts Tagged: Mortgage Rates
Mortgage rates are on the rise
The benchmark 30-year fixed-rate mortgage rose 30 basis points to 5.95%, according to Bankrate.com, while the 15-year fixed-rate rose 31 basis points to 5.37%. In the last 3 weeks the 30-year fixed-rate mortgages have increased from 5.29% to an average 5.59% with an average 0.7 point for the week ending June 11. The 15-year fixed-rate […]
Fed it Buying Treasuries…30 Year Mortgage Rates Hit Record Lows!
Fixed 30 year mortgage averaged 4.85%, 15 year 4.58%. Lowest rates since tracking began in 1971!