Mortgage Rates Drop to Lowest Level of Year
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Mortgage Rates Drop to Lowest Level of Year
This means if you are thinking of buying a home….NOW WOULD BE A GOOD TIME! Mortgage rates reached their lowest levels of 2011. The 30-year fixed-rate mortgage, a popular choice among home buyers, averaged 4.63 percent this week, Last week, the 30-year mortgage stood at 4.71 percent; compared to last year at this time, it averaged 4.93 percent. The 15-year fixed-rate mortgage also reached its lowest level of the year, averaging 3.82 percent this week from 3.89 percent last week. Last year at this time, the 15-year mortgage averaged 4.30 percent.
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By: on May 13th, 2011 Category: Uncategorized