The average interest rate for a 30-year fixed loan in this week's Freddie Mac survey was 4.57%, down from 4.58% a week earlier.
According to the big mortgage buyer, that was the lowest rate in the 39-year history of the survey.
The survey asks the lenders what rates they are quoting to well-qualified buyers who have a 20% down payment or 20% equity in their homes if they are refinancing.
The lenders said the borrowers would have paid 0.7% of the loan amount in fees to obtain the fixed rates.
Showing posts with label Rates continue to inch down. Show all posts
Showing posts with label Rates continue to inch down. Show all posts
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