Jeff Adams Real Estate Seminar Mortgage Rates Report Low for this year despite prediction that mortgage rates were to inch up in the second half of this year, fixed-rate mortgages continue to tumble.
borrow costs moved lower this week, as the 30-year fixed-rate mortgage dipped to a 4.10 % average, Freddie Mac reports in its weekly mortgage survey. The 30-year fixed-rate mortgages earlier low average for the year was 4.12 %.
The reports following
Thirty-year fixed-rate mortgages:
Averaged 4.10 %, with an average 0.5 point, dropping from last week’s 4.12 %. 2013 at this time, thirty-year rates averaged 4.58 %.
Fifteen-year fixed-rate mortgages:
Averaged 3.23 %, with an average 0.6 point, dropping from last week’s 3.24 % average. A year ago, fifteen-year rates averaged 3.60 %.
Five-year hybrid adjustable-rate mortgages:
Averaged 2.95 percent, with an average 0.5 point, dropping from last week’s 2.97 % average. Last year at this time, five-year ARMs averaged 3.21 %.
One year ARMs:
Averaged 2.38 %, with an average 0.5 point, rising from last week’s 2.36 % average. A year ago, one-year ARMs averaged 2.67 %.
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