Mortgage Rates Hit New Lows
St Paul, MN: Mortgage interest rates fell again last week to the lowest point since the early 1950's, when long-term loans were just 20 or 25 years, not like the 30-yr loans commonly used today.
The rates listed below are the average for last week, and are the lowest since Freddie Mac began tracking rates in 1971.
|
LAST WEEKS National Average Mortgage Rates WITH POINTS
As compiled and reported by: Freddie Mac
|
|
For Week Ending: 07/08/2010
|
| Mortgage |
Rate |
Points |
| 30 Year Fixed |
4.57 |
0.70 |
| 15 Year Fixed |
4.07 |
0.70 |
| 5 Year Adjustable |
3.75 |
0.70 |
| 1 Year Adjustable |
3.75 |
0.60 |
|
IMPORTANT: Don't automatically trust lender paid web sites like Bankrate.com and Interest.com for accurate rate information. It is very biased information. Rates are uploaded to the sites directly by lenders who PAY to post rates. Rates there are designed to capture your attention with little to no regards to being factual or applying to your exact personal situation.
What are TODAY'S Mortgage Interest Rates?
|
Copyright © 2010 by Joe Metzler, Mortgages Unlimited, Saint Paul, MN
If you have questions about the process for homes in MN or WI ONLY, please call 651-705-6261, or APPLY ONLINE 24-hours a day via our secure application. There are no costs or obligations. Joe Metzler is a Certified MN Mortgage Specialist (MMS). He and his team at Mortgages Unlimited are proud to provide home mortgages loans for First time home buyers in Minnesota and Wisconsin.
 |
|
We Beat The Banks Everyday!
|
|
|
;)
;)
;)
What are you seeing for rates for investment property purchases?