Thursday, October 21, 2010
Mortgage Rates Tic Up
Mortgage rates have moved up for the first time in five weeks. According to Freddie Mac's weekly survey 30 year mortgage rates edged up to 4.21% from 4.19%. Average rates on 15 year mortgage rate also rose from 3.62% to 3.64%. Homeowners interested in refinancing and home buyers interested in obtaining a mortgage should pay close attention to rates. Expect rates to eventually climb and normalize.
Subscribe to:
Post Comments (Atom)
in your profesional, where is the best place to get the best rate.
ReplyDelete@Anonymous
ReplyDeleteThere is no one place that provides the lowest rates. Everyone situation is different. Every bank, lender, and mortgage broker rates and cost vary depending upon the borrowers situation. The best thing you can do is compare different offers and see which one is the best. You can also email me via the questions form on the left side of the page. I'll review the offer and let you know if it seems legitimate.