30-year mortgage rate drops to 4%, Freddie Mac says

by Gary and Lisa Schoeffler on November 5, 2011

in Latest News

Investor worries over the European debt crisis helped drive the average rate for a 30-year fixed home loan down to 4% this week, according to Freddie Mac.

The figure, down from 4.1% last week, was the second lowest in the 40 years Freddie has been conducting a weekly survey of the terms being offered by home lenders. The lowest average rate recorded was 3.94% four weeks ago.

Freddie Mac said lenders were offering 15-year loans, a popular choice for homeowners who are refinancing, at an average rate of 3.31%, down from 3.38% a week earlier. That rate was below 3.3% for three weeks in late September and early October.

Gary Schoeffler
Prudential California Realty
A member of HomeServices of America, Inc.
a Berkshire Hathaway affiliate

Posted via email from venturarealestateexpert’s posterous

Leave A Reply With Facebook


Search Homes on the Ventura Market What is your Ventura Home Worth?

Post by Gary and Lisa Schoeffler

Gary and Lisa Schoeffler are Ventura Real Estate Professionals specializing in residential real estate. Their expertise in helping both buyers and sellers is widely recognized in Ventura County. How can they assist you today? Wondering what the market is like? Call them, they will be happy to talk with you about it. 805-320-4472

Gary and Lisa has written 372 articles.

Leave A Reply With Facebook


Powered by Facebook Comments

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: