Bankrate: Mortgage Rates Sink to 16-Month Low
PR Newswire Association LLC |
To see mortgage rates in your area, go to http://www.bankrate.com/funnel/mortgages/.
The average 15-year fixed mortgage rate dropped to 3.37 percent, while the larger jumbo 30-year fixed mortgage rate sank to 4.21 percent. Adjustable rate mortgages were also lower, with the 3-year ARM stepping down to 3.16 percent and the 5-year ARM retreating to 3.27 percent.
Continued nervousness about slower growth in the global economy proved to be good news for mortgage rates, with mortgage rates pulling back to the lowest level since
As 2013 came to a close, the average 30-year fixed mortgage rate was 4.69 percent. At that time, a
SURVEY RESULTS
30-year fixed: 4.18% -- down from 4.27% last week (avg. points: 0.26)
15-year fixed: 3.37% -- down from 3.44% last week (avg. points: 0.15)
5/1 ARM: 3.27% -- down from 3.29% last week (avg. points: 0.11)
For a full analysis of this week's move in mortgage rates, go to http://www.bankrate.com/mortgagerates.
The survey is complemented by
For the full mortgage Rate Trend Index, go to http://www.bankrate.com/news/rate-trends/mortgage.aspx.
To download the Bankrate Mortgage Calculator & Mortgage Rates iPhone App 2.0 go to
https://itunes.apple.com/us/app/bankrate-mortgage-calculator/id551454062?mt=8.
About
For more information contact:
[email protected]
(917) 368-8677
Logo - http://photos.prnewswire.com/prnh/20130805/FL58072LOGO
SOURCE
Wordcount: | 638 |
Davis Announces That He Will Remove ID/DD Services from KanCare If Elected
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News