Interest rates continued dropping last week, creating a housing market where buyers searching for cheap credit can find plenty of it.
The 30-year, fixed-rate mortgage averaged 3.53%, which is down from 3.56% a week earlier and 4.52% from last year. In addition, the 15-year, FRM averaged 2.83%, down from 2.86% a week earlier and 3.66% last year.
The 5-year, Treasury-indexed hybrid adjustable-rate mortgage averaged 2.69%, down from 2.74% a week earlier and 3.27% last year.
Read More: Mortgage interest rates keep going down
Author Bio:
Travis Saxton is the marketing and technology manager at REAL Trends. Prior to operating this arm for REAL Trends, Travis was the director of online services for a newspaper consulting company. He greatly enjoys working with real estate companies adapt new cutting edge strategies and perfecting their online presence and systems. He has experience in the following areas: Websites, SEO/SEM, CRM/Lead Generation Systems, Traditional Marketing and Social Media Marketing, Real Estate Technology Consulting.
Travis Saxton is the marketing and technology manager at REAL Trends. Prior to operating this arm for REAL Trends, Travis was the director of online services for a newspaper consulting company. He greatly enjoys working with real estate companies adapt new cutting edge strategies and perfecting their online presence and systems. He has experience in the following areas: Websites, SEO/SEM, CRM/Lead Generation Systems, Traditional Marketing and Social Media Marketing, Real Estate Technology Consulting.
