Nationally, the 30 year fixed mortgage rate fell to a new
all time low for the second consecutive week. The average 30-year fixed mortgage
rate dropped 1 base point down to 3.83% for those willing to pay .7 discount
points plus the full set of closing costs, this according to Freddie Mac’s
weekly mortgage rate survey.
Not only did the 30-year fixed mortgage set a record but so
did the 15 year fixed rate mortgage, dropping down to 3.05% along with the .7
discount plus closing cost.
This is a great time to refinance or purchase a home due to
the fact you can get such a great deal on borrowed money.
I have nearly 30 years experience in the mortgage business
and has seen the ups and downs and been able to help people realize their
dreams of homeownership.
Visit my Facebook page at facebook.com/themortgagefirm
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