Share

Average US rate on 30-year mortgage falls to 3.62 percent

The weekly average for 30-year mortgages have been dropping since 2014, when the average was 4.17%.

Advertisement

The average fees for a 30-year mortgage rose to 0.6 point from 0.5 point last week. A year ago at this time, the 15-year FRM averaged 3.07 percent.

15 year fixed rate mortgage interest rates have been listed at 3.21% at the bank today carrying an April of 3.355%. The rate is the lowest since May 23, 2013, when the fixed rate mortgage was 3.59%. Freddie Mac supports communities across the nation by providing mortgage capital to lenders.

Rates on the adjustable five-year mortgage averaged 2.79 per cent this week, down from 2.85 per cent last week. The 30-year mortgage responded, falling 3 basis points to 3.62 percent.

The National Association of Realtors announced existing home-sales were up 4% month-over-month in January and up 11% from a year ago.

The 5 year ARM deals are available starting at 3.19% at HSBC and the April is 3.39%.

Q: Are mortgage applications to finance the purchase of newly constructed homes increasing? The study found that most homeowners underestimate what their home…

According to a new study conducted by Omniweb, most homeowners are not aware of how much they have gained in home equity, despite three years of rising home prices.

The elimination of some items to create a comfortable, uncluttered appearance is often a key step in staging. This should include the landscaping and other “curb appeal” items. In other cases the owner might contract with an independent stager.

The benchmark 30 year fixed rate loan interest rates at HSBC Bank (NYSE:HBC) have been offered at 3.73% and an April of 3.814% today.

Advertisement

By MARTHA MENDOZA Associated Press President Barack Obama signed a bill Wednesday that includes a provision banning US imports of fish caught by slaves in Southeast Asia, gold mined by children in…

In this Tuesday Jan. 26 2016