May 22, 2011

STILL EXTOIRTIONATE GIVEN DEFLATION, BUT TRENDING RIGHT:

Mortgage rates hit lows of the year: Mortgage rates for a 30-year loan are now 4.61 percent. Mortgage rates for 15-year loan now average 3.80 percent, lowest since last November. (Associated Press, May 22, 2011)

Fixed mortgage rates fell this week to the lowest point of the year, offering incentive for homeowners to save money by refinancing their loans.

Freddie Mac said Thursday that the average rate on the 30-year loan fell to 4.61 percent. That's down from 4.63 percent and the lowest level since mid-December.


Posted by at May 22, 2011 12:20 PM
  

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