Latest Update on Home Mortgage Rates
Just a quick update for you from Freddie Mac. Looks like 30-year fixed rate mortgages are averaging 5.01% this week. Last week those same rates were 4.98%, but that is still down from last year at this time when those same rates averaged 5.25%. Freddie Mac says the strengthening housing market gets credit for these low rates.
In addition, Freddie Mac says the Federal Reserve reports banks have generally stopped tightening standards on most types of home loans.
See Full article: Freddie Mac
Jack Haydon
Charles Rutenberg Realty
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Clearwater, FL 33764
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