Mortgage Rates Take Downward Turn
The
rate for a 30-year fixed-rate mortgage averaged 4 percent this week, down from
last week’s 4.04 percent, Freddie Mac said yesterday. At this time last year,
the 30-year FRM rate averaged 4.17 percent. This week’s 15-year FRM rate
averaged 3.23 percent, down from last week’s 3.25 percent rate. A year ago, the
15-year FRM rate averaged 3.3 percent.
--ABA Daily Newsbytes
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