Mortgage rates decline 3rd week in a row
Mortgage rates decline 3rd week in a row on 30-year fixed-rate mortgages.
Low mortgage rates are what the majority of real estate analysts and economists attribute the California real estate rush to, and as those rates continue to remain low, housing prices will almost certainly will continue to appreciate by double-digit gains.
Thursday's weekly survey by mortgage company Freddie Mac showed that 30-year, fixed rate mortgages averaged 5.67 percent for the week ending Jan. 20, compared with 5.74 percent last week.
15-year, fixed-rate mortgages, a popular option for refinancing, declined this week to 5.15 percent.
Five-year hybrid adjustable rate mortgages averaged 5.05 percent this week.
Click here for a Los Angeles Real Estate Agent or Mortgage Broker.
Low mortgage rates are what the majority of real estate analysts and economists attribute the California real estate rush to, and as those rates continue to remain low, housing prices will almost certainly will continue to appreciate by double-digit gains.
Thursday's weekly survey by mortgage company Freddie Mac showed that 30-year, fixed rate mortgages averaged 5.67 percent for the week ending Jan. 20, compared with 5.74 percent last week.
15-year, fixed-rate mortgages, a popular option for refinancing, declined this week to 5.15 percent.
Five-year hybrid adjustable rate mortgages averaged 5.05 percent this week.
Click here for a Los Angeles Real Estate Agent or Mortgage Broker.
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