Mortgage rates break all records

by Gary and Lisa Schoeffler on May 3, 2012

in Latest News

Interest rates on fixed-rate mortgages broke all-time record lows, Freddie Mac said today, announcing the results of its weekly mortgage survey.

  • 30-year fixed-rate mortgages: The average 30-year home loan was 3.84%. Borrowers paid an average 0.8 point (a point is 1% of the loan amount). That’s down by 0.04 of a percentage point from last week. This week last year, 30-year rates averaged 4.71%.
  •         15-year fixed-rate mortgages: Borrowers scored an average rate of 3.07% on 15-year loans, paying 0.7 point. That’s a 0.05 drop from last week. This time last year 15-year rates averaged 3.89%.
  • 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: