Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

U.S. Mortgage Rates Head Lower

WASHINGTON (UPI) — U.S. mortgage rates hovered close to or hit record lows in the latest week, the Federal Home Loan Mortgage Corp. said Thursday.

Rates slid for the fifth consecutive week with 15-year fixed rate loans hitting a record low for the second consecutive week, reaching 2.56 percent with 0.7 point, down from 2.61 percent, Freddie Mac said.

In addition, 30-year fixed rate contracts averaged 3.35 percent with 0.7 point, down from 3.4 percent, which put it close to the record low average of 3.31 percent set in November 2012.

Average interest rates for five-year ARM loans dropped to 2.56 percent from 2.58 percent with 0.5 point, Freddie Mac said.

One-year adjustable rate mortgages using 10-year bonds as a benchmark averaged 2.56 percent with 0.3 point in the week, down from 2.62 percent in the previous week.

One point is equal to 1 percent of the amount of the loan and is typically paid up front. It includes a corresponding discount on the loan’s long-term interest rates.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “U.S. Mortgage Rates Head Lower”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.