Mortgage Rates Drop This Week

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Sunday, February 15 2009

Mortgage Rates Drop This Week

Even though it is much too early to predict which way the long term mortgage rates will go we have seen a slight dip in the mortgage rate.

Freddie Mac has reported that a dip in the long-term mortgage rate this week offered home owners a refinancing opportunity.

This week's rates:

Average interest on 30-year fixed loans fell to 5.16 percent from 5.25 percent last week.
Interest on 15-year fixed loans also declined, slipping to 4.81 percent from 4.92 percent.

Posted by: Rolando Trentini AT 12:43 pm | Permalink | Email

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