8:19 AM
Stuart Pardau Bio
Freddie Mac said Thursday the rate on the 30-year home loan ticked down to 3.99 percent from 4 percent the previous week. It dropped to a record low of 3.94 nine weeks ago, according to theNational Bureau of Economic Research.
The average rate on the 15-year fixed mortgage was edged down to 3.27 percent from 3.30 percent. Nine weeks ago, it too hit a record low of 3.26 percent.
Rates have been below 5 percent for all but two weeks this year. Yet this year could be the worst for home sales in 14 years.
http://finance.yahoo.com/news/fixed-mortgage-rates-hover-near-150504477.html
1 comments:
I'd like to think property buyers are getting smarter. Mortgages can look attractive at first, but buyers know how to evaluate the best offers.
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IT contractor mortgage
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