U.S. Mortgage Rates Fall to 5.14%, Freddie Mac Says (Update2)
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By Brian Louis
July 16 (Bloomberg) -- Mortgage rates in the U.S. fell to the lowest since May as home-loan refinancings surged on lower borrowing costs.
The average 30-year rate fell to 5.14 percent from 5.20 percent, mortgage buyer Freddie Mac of McLean, Virginia, said today in a statement. The 15-year rate was 4.63 percent.
“It’s been stuck in this low-five range for a number of weeks,” Donald Rissmiller, chief economist at New York-based Strategas Research Partners, said. “This is still a good interest rate.”
My buddy, Tray Trevino, can advise you if you need more info on mortgage rates. 760-415-2417 or ttrevino@magnifundgroup.com
Share Email Print A A A
By Brian Louis
July 16 (Bloomberg) -- Mortgage rates in the U.S. fell to the lowest since May as home-loan refinancings surged on lower borrowing costs.
The average 30-year rate fell to 5.14 percent from 5.20 percent, mortgage buyer Freddie Mac of McLean, Virginia, said today in a statement. The 15-year rate was 4.63 percent.
“It’s been stuck in this low-five range for a number of weeks,” Donald Rissmiller, chief economist at New York-based Strategas Research Partners, said. “This is still a good interest rate.”
My buddy, Tray Trevino, can advise you if you need more info on mortgage rates. 760-415-2417 or ttrevino@magnifundgroup.com
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