Friday, July 03, 2009
Mortgage rates drop again
The benchmark 30-year fixed-rate mortgage fell 10 basis points, to 5.7 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week's survey had an average total of 0.48 discount and origination points. One year ago, the mortgage index was 6.53 percent; four weeks ago, it was 5.65 percent.
The benchmark 15-year fixed-rate mortgage fell 9 basis points, to 5.07 percent. The benchmark 5/1 adjustable-rate mortgage fell 9 basis points, to 5.17 percent.
Read More at Bankrate.com
Comments:
<< Home
Hi, nice stuff, the information you show in your post is useful for everyone and is really good written.
We're working hard to become the place to go for people moving country. If you have ideas or want to get involved, we are always looking for new people and partners to join our network – get in touch!
Great! Because of recession things had changed. Now it's ok. It's right time to invest in
Foreclosure Homes.
Post a Comment
Foreclosure Homes.
<< Home
