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30 year mortgages: Interest Rates for 30 Year Fixed-Rate Mortgages Reach New Record Lows - 01/19/12 04:59 PM
Today, 1/19/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.88%, down from 3.89% last week. The average interest rate for 15 year fixed-rate mortgages was 3.17%, up from 3.16% last week. A year ago the 30 year rate was 4.74%!
Even though the drop was minimal and the average rate for 15 year fixed-rate mortgages inched upward, the fact that the rates have stayed below 4% for so long is good for buyers who want to keep short-term and long-term costs down, and also for sellers who want motivated buyers.
A Freddie Mac spokesperson said, … (0 comments)
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John Elwell
Zephyrhills,
FL
More about me…
CENTURY 21 Bill Nye Realty, Inc.
Address: 34619 State Road 54, Zephyrhills, FL, 33541
Office Phone: (813) 715-6810
Cell Phone: (813) 783-4444
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Real estate news, opinions, and listings from Zephyrhills, Pasco County, Florida and the west central region of Florida in general. Licensed in Florida.
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