Monday, December 11, 2017
 
 
News: Page (1) of 1 - 04/12/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Rate on 30-year mortgage falls to 3.88 percent
Average rate on 30-year mortgage falls to 3.88 pct.; 15-year drops to record-low of 3.11 pct.
By The Associated Press

WASHINGTON (AP) ' The average rate on the 30-year fixed mortgage dropped near its all-time low this week, making home-buying and refinancing a bargain for those who can qualify.

Mortgage buyer Freddie Mac says the rate on the 30-year loan fell to 3.88 percent from 3.98 percent. That's just above the rate of 3.87 percent reached in February, the lowest since long-term mortgages began in the 1950s.

The 15-year mortgage, a popular option for refinancing, plunged to a fresh low of 3.11 percent from 3.21 percent last week. The previous record of 3.13 percent was hit last month.



Mortgage rates tend to track the yield on the 10-year Treasury note, which have fallen sharply after last week's disappointing report on March job growth.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines