Mortgage Rates Remain At Lowest Level In Three Years
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Freddie Mac reported 6.09% as the average on a 30-year mortgage on Thursday as long-term rates remain at their lowest level in nearly three years.
“With the economy improving and the average 30-year fixed-rate mortgage nearly a percentage point lower than last year, more homebuyers are entering the market,” said Sam Khater, Freddie Mac’s Chief Economist.
The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.
See other articles related to: interest rates, mortgage rates
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/mortgage_rates_remain_at_lowest_level_in_three_years/24245.
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