Posted on September 30, 2016 - 03:02 PM
by Deal Realty, Inc.
There is still time to take advantage of the historically low interest rates. The 30-year fixed-rate mortgage averaged 3.42% in the September 29 week, down from 3.48% in the prior week. The 15-year fixed-rate mortgage averaged 2.72%, down four basis points.
The average rate for the 5-year Treasury-indexed hybrid adjustable-rate mortgage rose one basis point to 2.81%. That’s still 10 basis points lower than its level a year ago. Those rates don’t include fees and points associated with obtaining mortgage loans. Increased investor interest in bonds comes despite some encouraging signs from economic data.
Give Deal Realty a call today @ 754-3301 and let us help you get your deal done!