Mortgage Rates Hit Lowest Level Ever CBS MoneyWatch.com (blog)
The stock market might be sinking, but if you’re in the market to buy or are able to refinance a home, things are looking up.
According to this week’s new Primary Mortgage Market Survey (PMMS) from Freddie Mac , mortgage interest rates hit a new low this week (thanks to a bond market rout). According to Freddie Mac, mortgage rates continuing to decline with the 30-year fixed averaging 4.32 percent marking a new low for 2011, and the 15-year fixed, 5-year ARM, and 1-year ARM averaging new all-time record lows this week.
30-year fixed-rate mortgage (FRM) averaged 4.32 percent with an average 0.7 point for the week ending August 11, 2011, down from last week when it averaged 4.39 percent. Last year at this time, the 30-year FRM averaged 4.44 percent. 15-year FRM this week averaged 3.50 percent with an average 0.7 point, down from last week when it also averaged 3.54 percent. A year ago at this time, the 15-yearRefinance Help. Fill this form and get help!
Is it a Good Time for Mortgage Refinancing? Matthew Sapaula comments on FOX Good ...
With the Federal Reserve continuing to drop interest rates, many homeowners are beginning to wonder whether it is wise for mortgage refinancing ...
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