St Casimirs Mortgage Minute. . . Help in navigating the mortgage application process. Get advice from Nelson Bayne, 410-342-1404 mortgage specialist with over 35 years of experience in the Baltimore metro area.
Friday, November 4, 2016
Friday Rate Update
Mortgage Rates Climb
The rate for a 30-year fixed-rate mortgage averaged 3.54 percent this week, up from the previous week's 3.47 percent rate, Freddie Mac said yesterday. At this time last year, the 30-year FRM rate averaged 3.87 percent.
This week's 15-year FRM averaged 2.84 percent, up from last week's 2.78 percent rate. A year ago, the 15-year FRM averaged 3.09 percent.
---ABA Daily Newbytes
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