Mortgage Rates Trend Down
Mortgage rates for 30-year fixed rates decreased slightly this week, with the weekly average rate borrowers were quoted on Zillow Mortgage Marketplace at 5.02%, down from 5.04% the week prior. For 15-year fixed mortgages, borrowers were quoted on average, 4.42% and for 5/1 ARMs, 3.94%.
This morning, the national rate for 30-year fixed purchase mortgages was 4.93%.
What are the rates right now? Check Zillow Mortgage Marketplace for up-to-the-minute mortgage rates.
There are so many desperate homeowners out there struggling, and this can be the break they have finally been waiting for. This wont solve everyones problems but It sure is better than the rates increasing….At least for individuals looking to refinance/purchase a home
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