Dive summary:
- Whatever else is going on in the housing recovery, mortgage rates keep falling, according to a national weekly survey by Freddie Mac.
- The survey found 30-year rates were averaging 3.31% with a 0.7-point fee, and 15-year loans were at a low of 2.63 with the same 0.7-point charge.
- Five-year adjustables were the same as the week before – 2.74% with a 0.6-point charge – and one-years were up to 2.56% from 2.55%.
From the article:
Mortgage rates continue to fall, with fixed-rate mortgage rates reaching new record lows last week for the second consecutive week, Freddie Mac reports in its weekly mortgage market survey. ...