Refinance Now! Mortgage Rates Drop Again!

Mortgage rates have reversed their course this past week, falling to the near lowest rates of the year.

The 30-year fixed-rate mortgage just fell t 3.43 percent, Freddie Mac reports. Buyers and borrowers are taking advantage of these spectacular rates. Refinance activity has been up 55 percent since last year, reports Mortgage Bankers Association.

 

  • 30-year fixed-rate mortgages: averaged 3.43 percent
  • 15-year fixed-rate mortgages: averaged 2.74 percent
  • 5-year hybrid adjustable-rate mortgages: averaged 2.73 percent

 

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