Category Archives: Mortgages
Good news! According to Freddie Mac, the average rate for a 30-year, fixed-rate loan fell to 4.09% this week, its lowest level in 60 years. Last week, the 30-year fixed averaged 4.12%. The average rate for a 15-year fixed mortgage — a popular option among those who wish to refinance — sunk to 3.30%, down from 3.33% last week, Freddie reported.
The average rate on a 30-year fixed mortgage has fallen to its lowest level on records dating to 1971.
Five years ago, the average 30-year fixed rate was near 6.5 percent. In 2000, it exceeded 8 percent.
The average rate on a 15-year fixed mortgage, which is popular for refinancing, fell to 3.36 percent, also a record low.
The average for one-year adjustable-rate loans fell to 2.86 percent, the lowest on records going back to 1984.
We have a new listing in quaint Mission Village! Get into a charming neighborhood at a very affordable price! Lots has been done to this house in the last six months, including the addition of a new 30-year Timberline roof! Check it out! At this price, with interest rates still so low, this is a terrific opportunity!
To owning your own home~ Rosemary, Atkinson-Thompson Group