Some positive news for the housing market: Mortgages rates for home loans are continuing to fall. The 30-year fixed-rate mortgage averaged 4.28 percent in the week of March 21, Freddie Mac said yesterday.
That was down another 0.03 percent from the prior week, putting the 30-year mortgage at a 13-month low. This figure has managed a weekly gain on only two occasions during 2019.
The 15-year adjustable-rate mortgage averaged 3.71 percent, down from 3.76 percent. With the Fed now intent on not raising rates for the remainder of the year, those mortgage rates may stay low for quite some time.
No comments:
Post a Comment