The home loan interest rates on a traditional 30 YR fixed rate has been falling for the past month making it the lowest so far in 2011.  Freddie Mac has posted that the average rate was 4.61% this past week, which even happens to be the lowest rate in the past 6 months.  Even the 15 YR fixed rates loans were down this week.

Freddie Mac Rate Averages

30 year fixed: 4.61% w/ 0.7 of a points

15 year fixed: 3.80% w/ 0.7 of a points

5 year adjustable-rate mortgage: 3.48% w/ 0.6 of a points

1 year adjustable-rate mortgage: 3.15% w/ 0.6 of a points

 
Posted by John Kim on 05/21/2011 11:24 PM   Comments (3)  
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3 Comments on Current Mortgage Rates are the Lowest this Year - 2011

MAY
21
2011
265,530 Points 1 Featured Post Outside Blog Called Shot Master

Yes, current rates are very low. Now if we can just match up those rates with eager buyers?
11:26pm • #1
547,588 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Good Evening John

Thanks for the post. have a great day.
11:37pm • #2
JUN
26
2011
428,329 Points 3 Featured Posts

John ... It is amazing and good that mortgage loan rates are now at their low point and best for home buyers during 2011.
12:26pm • #3


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John Kim

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