mortgage rates: JUST IN...Mortgage Rates Lowest Since May!
- 08/31/15 01:52 AM
The crazy stock market ride of the past week has driven down the 30-year mortgage rate to 3.84%, its lowest level since May. The extreme panic in the stock market sent investors to the safety of the U.S. government bond market. The 10-year Treasury bond, which fell below 2% at the beginning of last week, is often the benchmark for mortgage rates. But it has slowly started to rise, which in turn will drive up mortgage rates. Mortgage giant Freddie Mac calculates the average mortgage rates throughout the country by surveying a large spectrum of lenders at the start of each week. Keep in mind that the … (1 comments)
The crazy stock market ride of the past week has driven down the 30-year mortgage rate to 3.84%, its lowest level since May.
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