Mortgage Rate Continue to Decline

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Nice to see rates heading down, but I think the Fed is not noticing how heated the housing market is.

 

From DS News

 

Mortgage Rates Continue Downward Slide

In its Primary Mortgage Market Survey, Freddie Mac clocked the 30-year fixed-rate mortgage (FRM) at an average 4.21 percent (0.6 point), down from 4.29 percent and the lowest level since late last year. A year ago, the 30-year FRM averaged 3.42 percent. The 15-year FRM also moved down, dipping to 3.32 percent (0.6 point) from 3.38 percent in last week’s survey. »READ MORE

 

- Sunil Sethi

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