Mortgage rates fell to new lows for the week ending Feb. 2 as economic data showed weaker than expected economic growth, Freddie Mac said Thursday.
The McLean, Va.-based government-sponsored enterprise released its primary mortgage market survey, which shows the average 30-year, fixed-rate mortgage falling from 3.98% last week to 3.87%. The 30-year FRM hit 4.81% a year ago.
Meanwhile, the 15-year FRM fell to 3.14% from 3.24% the previous week and 4.08% last year. The 5-year Treasury-indexed hybrid adjustable-rate mortgage also declined from 2.85% to 2.8%.
via Weak economic data sends mortgage rates lower | HousingWire.
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.
