The average rate on the 15-year fixed mortgage fell to 3.31 percent from 3.38 percent. Four weeks ago, it too hit a record low of 3.26 percent."
(Source: Monterey
Friday, November 4, 2011
Refinancing sees modest boom thanks to falling mortgage rates
In the November 4th edition of The Monterey Herald, reports out of Washington show the average rate on a 30-year fixed mortgage has fallen to 4 percent this week. This drop nearly matches the all-time low hit one month ago.
According to the article, "Freddie Mac said Thursday the rate on the 30-year loan dropped from 4.10 percent last week. Four weeks ago, it dropped to 3.94 percent — the lowest rate ever, according to the National Bureau of Economic Research.
The average rate on the 15-year fixed mortgage fell to 3.31 percent from 3.38 percent. Four weeks ago, it too hit a record low of 3.26 percent."
(Source: Monterey
The average rate on the 15-year fixed mortgage fell to 3.31 percent from 3.38 percent. Four weeks ago, it too hit a record low of 3.26 percent."
(Source: Monterey
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