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