Home mortgage rates fell again this past week because housing data is weaker and consumer confidence seems to be dipping a little. The average for a 30 year fixed mortgage was just over 6.4% -- one year ago, it was hovering around 5.7%. The average for 15 year fixed rate mortgages was just over 6% -- one year earlier it was around 5.3%.
Rates are continuing to drift lower continuing a trend that began this past summer beginning in July. So... have you still NOT refinanced your house yet? Act now while the rates are still relatively low -- anything could happen to make mortgage rates drift higher.
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1 comment:
I'm not a current homeowner, but I'm going to wait--the market is sinking and I love it.
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