May 5, 2011
WHICH ISN'T HOW INFLATION WORKS:
Mortgage rates drift lower, Freddie Mac says (E. Scott Reckard, May 5, 2011, LA Times)
Here's a bit of good news for anyone still thinking about refinancing a home loan -- mortgage rates have once again drifted lower for well-qualified buyers.Posted by Orrin Judd at May 5, 2011 12:43 PM
FREmonument A Freddie Mac report on Thursday said the lenders it surveys were offering 30-year fixed-rate mortgages at an average rate of 4.71% early this week, compared with 4.78% the week before.
Rates for 15-year fixed loans, a popular option for homeowners looking to refinance mortgages, averaged 3.89%, down from 3