Mortgage Rate Update
The average rate for the key 30-year fixed-rate mortgage fell to its lowest level in 14 months this week, spurring into action those wishing to refinance.
In another quiet week for rates, those for fixed-rate mortgages inched down, while those for some adjustable-rate ones went up slightly.
The average rate for the benchmark 30-year fixed-rate mortgage edged up a little this week. But other rates held steady or even dropped.
With only minor adjustments to rates this week, home loans remain exceptionally attractive.
Most mortgage rates drifted down this week. The window of opportunity is still open for those wishing to buy homes or refinance their existing ones.
Previously on Mortgage Rate Update
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