home buyers: Jenny Swain and Associates Newsletter: October, 2011
- 10/12/11 10:12 AM
A Note on Interest Rates Happy October! I came across this article on interest rates and wanted to share it. According to CNN, the interest rate on a 30-year fixed-rate loan fell to 3.94% this week, the lowest rate since Freddie Mac began tracking it. Meanwhile, the average for a 15-year fixed-rate mortgage also hit a record, falling to 3.26%. This results in substantial savings for homeowners. Compared with just three months ago, when the 30-year was at 4.60%, borrowers today can save about $40 a month per $100,000 borrowed. That comes to a savings of nearly $14,000 for every $100,000 … (0 comments)
A Note on Interest Rates 
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