Thursday, March 19, 2015

Mortgage rates falling; 30-year drops to 3.78%, Freddie Mac says

According to the Los Angeles Times earlier today:

Long-term interest rates declined this week, with Freddie Mac saying lenders were offering conventional 30-year mortgages at an average of 3.78%, down from 3.86% a week ago.

The average for 15-year fixed home loans slipped to 3.06% from 3.1%, the mortgage financing giant said in its weekly report, released Thursday. The initial rate on loans fixed for five years before becoming variable fell to 2.97% from 3.01%.

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