Mortgage Rates

Fixed Mortgage Rates are lower than the Previous Year

Good news for US housing industry. Data released by Freddie Mac shows fixed mortgage rates are lower for the first time in 12 months. A week ago, 30 year fixed rate average was 4.17%. Today, it comes down to 4.14% with an average of 0.5 point from previous year’s 4.46%. Interestingly, mortgage rate was 4.12% at the end of last ...

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