Mortgage Rates Drop For 5th Week
BankRate.com reported a drop in 30 year fixed-rate mortgages for the 5th consecutive week.
Interest rates are now at the lowest point they have been since the end of March.
One year ago, the mortgage index was 5.86 percent; four weeks ago, it was 6.77 percent. And this week it is 6.48 percent.
The gap between fixed-rate and adjustable-rate mortgages is narrowing which means it might be a good time to refinance for many homeowners.
The lower rates also means it is a good time to buy a home. For information on how the lower interest rates effect your buying power, contact us or visit our website. Here you can view all Orange County real estate listings.
Tags: bankrate.com weekly survey, lower mortgage rates, view Orange County real estate listings
Interest rates are now at the lowest point they have been since the end of March.One year ago, the mortgage index was 5.86 percent; four weeks ago, it was 6.77 percent. And this week it is 6.48 percent.
The gap between fixed-rate and adjustable-rate mortgages is narrowing which means it might be a good time to refinance for many homeowners.
The lower rates also means it is a good time to buy a home. For information on how the lower interest rates effect your buying power, contact us or visit our website. Here you can view all Orange County real estate listings.
Tags: bankrate.com weekly survey, lower mortgage rates, view Orange County real estate listings
posted by The Hartanov Team at 1:48 PM
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