> Business, Economy, Finance, home buyers, News Item, Trends > 30 and 15 Year Mortgages Hit New Lows
OriginationNews tells MHProNews the average 30-year mortgage rate dropped to a new record low, 3.31% in Freddie Mac?s weekly survey. During the week ending Nov. 21 the 15-year mortgage rate also set a record, dropping to 2.63% from 2.65% the previous week. Shorter-term rates moved little or none, as the five-year hybrid remained at 2.74%, and the one year Treasury-indexed ARM (adjustable rate mortgage) rose one basis point to 2.56%. By comparison, a year ago the 30-year fixed mortgage was 3.98%, the 15-year mortgage hit 3.3%, five-year Treasury hybrids were 3.91%, and the one-year Treasury ARMs were 2.79%.
(Image credit: hansfax)
Categories: Business, Economy, Finance, home buyers, News Item, Trends 30 year fixed mortgage, 30 year mortgage, 30 year mortgage rate, adjustable rate mortgage, arm adjustable rate mortgage, average 30 year mortgage rate, basis point, Freddie Mac, hybrid, hybrids, lows, MHProNews, mortgages, one year treasury, year fixed mortgagecharles manson al sharpton actuary elon musk fox mole manson bubba watson
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