(407) 690-8101

Rustin@FloridaOwn.com

 

  • Home
  • Property
    • Search all Listings
    • Search by Map
    • Sold
    • Seller
      • What’s My Home Worth
      • Free Seller’s Guide
    • Buyer
      • Home Buyers Guide
  • Rent to Own
    • How it works
    • Qualifications
    • Communities
      • Orlando Communities
      • Tampa Communities
    • Key Considerations
    • Application
  • Communities
    • Orlando
    • Tampa
  • Press
  • who we are
    • About Us
    • Testimonials
    • Email Alerts
  • Contact Us
Home > Mortgage Rates are Lower This Week

Mortgage Rates are Lower This Week

October 27, 2015 by rdavis Leave a Comment

Great news if you’re about to get a loan, the Averages on fixed-rate mortgages dropped even lower this week. This drop gives a huge benefit to home buyers and refinancers, Freddie Mac reports. Freddie Mac states the following national averages with mortgage rates for the week ending October 22nd:

  • 30-year fixed-rate mortgages: averaged 3.79 percent, with an average 0.6 point, dropping from last week’s 3.82 percent average. Last year at this time, 30-year rates averaged 3.92 percent.
  • 15-year fixed-rate mortgages: averaged 2.98 percent, with an average 0.5 point, falling from a 3.03 percent average. A year ago, 15-year rates averaged 3.08 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.89 percent, with an average 0.4 point, rising from last week’s 2.88 percent average. A year ago, 5-year ARMs averaged 2.91 percent.
  • 1-year ARMs: averaged 2.62 percent, with an average 0.2 point, rising from 2.54 percent last week. Last year at this time, 1-year ARMs averaged 2.41 percent.

    Source: Freddie Mac

Filed Under: Market Reports, Real Estate News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Market Reports
  • Real Estate News
  • The Real Estate Transaction
  • Uncategorized

Market Connect Realty

 

 

 

 

(407) 690-8101


Contact Us

Rustin Davis: Rent to Own Specialist

You need someone who knows this area inside and out! I can work with you to find the right home at the right price.

  • Email
  • Facebook

sitemap   •   admin   •   ©2022 All Rights Reserved