Thursday, October 27, 2011
Mortgage Rates Hold Steady!
Lots of buyers are still taking advantage of the SUPER LOW mortgage rates right now. Believe me, in a year or two, you will be crying to me saying, "Jonathan why didn't you tell me how low interest rates really were?!"
This week: 30-year fixed-rate mortgage (FRM) averaged 4.11 percent with an average 0.8 point for the week ending October 20, 2011, down from last week when it averaged 4.12 percent. Last year at this time, the 30-year FRM averaged 4.21 percent.
15-year FRM this week averaged 3.38 percent with an average 0.8 point, up from last week when it averaged 3.37 percent. A year ago at this time, the 15-year FRM averaged 3.64 percent.