Source: Associated Press
Long-term U.S. mortgage rates edged lower this week. As rates remain at historically low levels, homeowners taking advantage of the chance to refinance their mortgages have pushed up refinancing activity.
Mortgage giant Freddie Mac said Thursday the average for the benchmark 30-year fixed-rate mortgage declined to 3.44 percent from 3.46 percent last week. The average rate is down from 3.90 percent a year ago, and is close to its all-time low of 3.31 percent in November 2012. The 15-year fixed mortgage rate eased to 2.76 percent from 2.77 percent.
Contact me today for real estate assistance! (619) 890-3648 | Email me
Latest posts by John A Silva (see all)
- Two Listings Just SOLD Above Asking! - August 14, 2018
- Best Deal in San Diego of Well Cared for Complex as Rental or Occupy! - August 14, 2018
- Money Monday: The differences between fixed-rate and adjustable-rate mortgages - August 13, 2018