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Mortgage Rates Week of 8/19/2011

By
Real Estate Broker/Owner with Realty Empire Incorporated

According to the recent reports taken on August 19th here’s the weekly update on the all-time low mortgage rates:

30 year fixed-rate mortgages: averaged at 4.15 compared to last week’s 4.32 percent. (The previous all-time-low record was 4.17)

15 year fixed-rate mortgages: dropped to 3.36 percent this week, from last week’s 3.50 percent.

5 year adjustable-rate mortgages: decreased to 3.08 percent this week, from last week’s 3.13 percent.

1 year ARM: decreased to 2.86 percent this week, from last week’s 2.89 percent

Source: “Mortgage Rates Lowest in Over 50 Years,” Freddie Mac (Aug. 18, 2011)

Posted by

 

Stephanie Leon

Real Estate Broker
Realty Empire

6625 Miami Lakes Dr.
Miami Lakes, FL 33014

Contact me at:
786-664-7710
SLeon@RealtyEmpire.net

 

 

                        

  

 

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