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Mortgage rates fall to four-month lows

by Christina Mlynski
 
October 24, 2013 10:00AM HOUSINGWIRE

 

Fixed mortgage rates spiraled down this week amid market speculation that the Federal Reserve will continue to commit to its bond buying purchases this year.  Click Here to Read More

Mortgage Rates Roll Back to July Levels

by Daily Real Estate News | Friday, September 27, 201

Mortgage rates continue to fall, following the Federal Reserve’s decision to delay tapering its bond purchase program. The Federal Reserve announced last week that it would delay winding down its $85 billion per month bond purchasing program, which has helped to keep mortgage rates near record lows in recent years.  Click Here to Read More

 

Freddie Mac reports the following national averages for the week ending Sept. 26:

  • 30-year fixed-rate mortgages: averaged 4.32 percent, with an average 0.7 point, dropping from last week’s 4.50 percent average. Last year at this time, 30-year rates averaged 3.40 percent.
  • 15-year fixed-rate mortgages: averaged 3.37 percent, with an average 0.7 point, dropping from last week’s 3.54 percent average. Last year at this time, 15-year rates averaged 2.73 percent.
  • 5-year hybrid adjustable-rate mortgage: averaged 3.07 percent, with an average 0.5 point, dropping from last week’s 3.11 percent average. Last year at this time, 5-year ARMs averaged 2.71 percent.
  • 1-year ARMs: averaged 2.63 percent, with an average 0.4 point, dropping from last week’s 2.65 percent average. A year ago at this time, 1-year ARMs averaged 2.60 percent.

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Photo of Phyllis Wiesenfelder Real Estate
Phyllis Wiesenfelder
Long & Foster Real Estate, Inc.
4650 East West Highway
Bethesda MD 20814
Direct: (301)215-6915
Mobile: (301)529-3896
Fax: Office: 301-907-7600