Friday, April 12, 2013

Mortage interest fall sharply

Interest rates on a 30 year fixed rate mortgage fell to 3.43% down from 3.54% last week. This is approaching the low that was seen in November 2012 at 3.31%. That was the lowest rate going back to 1971.  The average rate on a 15 year mortgage was 2.65% down from 2.74%.

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