Long-term mortgage rates fall, break 9-week rise PERT Florida Real Estate School WASHINGTON – Long-term U.S. rates slipped this week, reversing two straight weekly increases. mortgage buyer freddie mac says the average rate on 30-year, fixed-rate mortgages fell to 3.88.
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WASHINGTON (AP) – After nine straight weeks of increases, long-term US mortgage rates fell this week. Mortgage buyer Freddie Mac said Thursday the rate on 30-year fixed-rate loans declined to an average 4.20 percent from 4.32 percent last week. That was still sharply higher than a 30-year rate.
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The average fee for a 30-year mortgage was unchanged this week at 0.5 point. The fee on 15-year loans also remained at 0.5 point. Rates on adjustable five-year loans rose to 3.33 percent from 3.30 percent. The fee fell to 0.4 point from 0.5 point. Source: Long-term mortgage rates fall, break 9-week rise
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Long-term mortgage rates fall, break 9-week rise PERT Florida Real Estate School How interest rates affect property values. that the only deciding factor in real estate valuation is the current mortgage rate.. competing or substitute investments rise, real estate values.