Homeowners seeking to save some on mortgage payments can
celebrate: The average rate for 15-year, fixed-rate mortgages, one of
the most popular refinance products, has dipped to its lowest level
since June 2013.
The 15-year fixed hit 3.08% according to Freddie Mac’s weekly survey, a tenth of a percentage point lower than last week and down sharply from 3.36% early in the month. Rates for 30-year loans dipped 0.05 percentage point to 3.92%.
“For borrowers hoping to pull the trigger on a refinance, this spate of the lowest mortgage rates since June 2013 is a pretty good opportunity,” said Keith Gumbinger of HSH.com, a mortgage information company.
With equity markets on a roller coaster and bad economic news roiling Europe, investors have fled to safe havens in bonds and mortgage-backed securities, depressing interest rates.
Read More: http://money.cnn.com/2014/10/23/real_estate/rates-drop-again/index.html
The 15-year fixed hit 3.08% according to Freddie Mac’s weekly survey, a tenth of a percentage point lower than last week and down sharply from 3.36% early in the month. Rates for 30-year loans dipped 0.05 percentage point to 3.92%.
“For borrowers hoping to pull the trigger on a refinance, this spate of the lowest mortgage rates since June 2013 is a pretty good opportunity,” said Keith Gumbinger of HSH.com, a mortgage information company.
With equity markets on a roller coaster and bad economic news roiling Europe, investors have fled to safe havens in bonds and mortgage-backed securities, depressing interest rates.
Read More: http://money.cnn.com/2014/10/23/real_estate/rates-drop-again/index.html
Although your Interest rate are down ,but No more difference between bank loan mortgage.
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