Mortgage Rates in Lapeer Michigan Still Near Yearly Lows

Real Estate Broker/Owner

This article in the RealtorMag dated 11/14/2014, Mortgage Rates Still Near Yearly Lows, quotes Freddie Mac on last weeks mortgage rates ...

The 30-year fixed-rate mortgage is hovering around 4 percent. This has been keeping borrowing costs low for refinancers and home buyers for the last few weeks, Freddie Mac reports in its weekly mortgage market survey.

donald horne, realtorFreddie Mac reported the following national averages for mortgage rates for the week ending Nov. 13:

  • 30-year fixed-rate mortgages averaged 4.01 percent, with an average 0.5 point, dropping from last week’s 4.02 percent. A year ago, 30-year rates averaged 4.35 percent.
  • 15-year fixed-rate mortgages averaged 3.2 percent, with an average 0.5 point, dropping from last week’s 3.21 percent average. Last year at this time, 15-year rates averaged 3.35 percent.
  • 5-year hybrid adjustable-rate mortgages averaged 3.02 percent, with an average 0.5. point, rising from last week’s 2.97 percent average. A year ago, 5-year ARMs averaged 3.01 percent.
  • 1-year ARMs averaged 2.43 percent, with an average 0.4 point, dropping from last week’s 2.45 percent average. Last year at this time, 1-year ARMs averaged 2.61 percent.

Donald Horne, Team Success Listing
Associate Broker for Coldwell Banker Shooltz Realty
Co-Host of "Finding New Neighbors" Cable TV Show



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Donald Horne

Team Success Listing LLC
Lake Orion to Lapeer, Your Local Realtor! Questions?

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