Mortgage Rates Continue To Fall
The mortgage rates for 30 year fixed mortgages dropped again this week, with the
average rate around 3.
35%, down slightly from 3.
42% a week ago.
This is the lowest
rate reported in many years, causing many to believe this...
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Mortgage Rates Continue To Fall
The mortgage rates for 30 year fixed mortgages dropped again this week, with the
average rate around 3.
35%, down slightly from 3.
42% a week ago.
This is the lowest
rate reported in many years, causing many to believe this is the perfect time to buy.
“This coming week, we expect rates to hover at record lows as investors remain
concerned about eurozone economic stability and continue to flock to the relative
safety of U.
S.
Treasuries and mortgage-backed securities.
” - Erin Lantz, director of
Zillow Mortgage Marketplace.
Also, the 15 year fixed mortgage rate yesterday was
2.
8%, and for 5/1 Adjustable Rate Mortgages, the rate was 2.
52%.
Low mortgage rates continue to generate numerous refinance applications as
proven by the current Refinance Index.
The Mortgage Bankers Association’s Market
Composite Index state that mortgage refinance applications for the week ending July
20, 2012 reached their highest level in more then 3 years.
Refinance appl
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