Fixed Mortgage Rates Drop Again

According to Freddie Mac’s Primary Mortgage Market Survey, U.S. fixed-rate mortgages continue to fall, aiding the housing market’s recovery. 30-year fixed-rate mortgages decreased to 3.43% last week, down .9% from the previous week. 15-year fixed-rate mortgages also fell .9% last week from the previous week averaging in at 3.43%. The chief economist and vice president of Freddie Mac said last week, “mortgage rates fell further this week following a lackluster employment report for March.” More here

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