Interest Rates

 

The market has held steady with some days offering better pricing than others, but as far as an overall big picture RATES ARE STILL AT HISTORICAL LOWS!

 

Mortgage rates continue to decline plunging to the lowest level in decades, according to surveys from Freddie Mac and Bank rate.

Freddie Mac's weekly report said the 30-year fixed rate slipped to 4.44% and could possibly continue to drop! The lowest since the government-backed lender began tracking the rate in 1971. Last week's rates stood at 4.49%, and a year ago it was at 5.29%.

The 15-year fixed rate fell to 3.92% and could possibly continue to decline, the lowest since Freddie Mac began tracking it 1991, down from 3.95% last week and from 4.68% a year ago.
Adjustable-rate mortgages also declined, with the 5-year rate falling to 3.56% this week, the lowest since 2005 when the lender began tracking it.

Mortgage tracker Bankrate.com, which surveys large lenders across the country, said the average 30-year fixed loan sank to a record low for the fourth consecutive week, falling to 4.57% from 4.66% the previous week.

The 15-year fixed rate, which is a popular option for refinancing, also fell to the lowest level in the history of Bank rate’s 25-year old survey, dipping to 4.06%, from 4.11% the week before.

While the 1-year adjustable-rate mortgage held steady at 4.8% for a fourth week, the 5-year adjustable rate mortgage dropped to a record low of 3.92% from 3.95% the previous week.

This historic opportunity for buyers! The LOWER the mortgage rates, The MORE buying power you have!
 
BUY NOW!!!!!! Contact the eTEAM

 

The eTEAM recommends you contact Rick Leinenbach of Prime Lending for further mortgage information, all consultations & pre-approvals are 100% free of charge and with no obligation!

 

 

 

Rick Leinenbach
Prime Lending, A PlainsCapital Co.
1424 Easton Road, Suite 200
Horsham, PA 19044

215.860.1049 Office

267.240.3859 Mobile

877.314.2887EFax