Mortgage Refinance Information Guide
WASHINGTON, May 17 (UPI) — Average mortgage rates for long-term, fixed-rate loans fell to record lows for the third consecutive week, the Federal Home Loan Mortgage Corp. said.
In the week ending Thursday, average rates for 30-year contracts dropped from 3.83 percent to 3.79 percent with 0.7 points. Thirty-year mortgage rates averaged 4.61 percent the same week of 2011.
By Martin Wolk
Mortgage rates have continued to fall over the past week, setting record lows for both 30-year and 15-year contracts, mortgage giant Freddie Mac said Thursday.
The 30-year benchmark now stands at 3.79 percent, down from 3.83 percent a week ago, with an average “point” fee of 0.7 percent of the mortgage value. The 15-year fixed rate average fell to 3.04 from 3.05 percent.
NEW YORK, May 16, 2012 /PRNewswire/ – Mortgage rates fell for the seventh time in the past eight weeks and set a new record for the fourth consecutive week. The average rate on the benchmark 30-year fixed mortgage rate dropped below the 4 percent mark for the first time ever, down to 3.97 percent, according to Bankrate.com’s (RATE) weekly national survey. The average 30-year fixed mortgage has an average of 0.44 discount and origination points.
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503.698.5801 – GoNorthwestLoans.com Home Buyers ask me all the time about what repairs will be required before closing their home purchase. Here’s a list of the most common items, and a few strategies on how to pay for those. Mortgage Rates at Record Lows right now! …
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