Mortgage rates hold on at record lows

Thirty year mortgage rates held steady this week at an all-time low according to numbers from Freddie Mac. Money for refinances and purchases is cheap if you can qualify under today’s tighter lending standards.

  • 30 year fixed rate: 4.57%
  • 15 year fixed rate: 4.06% (a new all-time low)
  • 5 year adjustable rate: 3.85%

 

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One Response to Mortgage rates hold on at record lows

  1. Sure, it’s tougher to qualify for financing, but for those who can there is just no reason not to purchase. Historically low interest rates + motivated sellers = the real estate opportunity of a lifetime.

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