Freddie Mac reported on Thursday 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 3.97%.
Buyers would have paid 0.7% of the loan amount upfront to the lenders to obtain the rates, according to Freddie Mac.
The initial rates for floating-rate mortgages fell as well, Freddie Mac said.
Showing posts with label interest rates early May. Show all posts
Showing posts with label interest rates early May. Show all posts
Friday, May 6, 2011
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