Interest Rate Survey
Freddie Mac’s latest interest rate survey reports interest rates have hit record lows once again. Incredibly, 30-year fixed mortgage rates sank to 3.62 percent and the 15-year fixed rate fell below 3 percent to 2.89 percent. (Down 0.7 point from the prior week). DSNews posted the survey findings on July 5th.
Bankrate’s mortgage survey findings captured slightly higher rates, with 30-year fixed at 3.87 percent as compared to last week’s 3.89 percent. Bankrate reported a 15 -year fixed rate of 3.13 percent, versus 3.16 percent the prior week.
Freddie Mac surveys approximately 25 lenders encompassing five regions.
Bankrate canvasses the top 10 banks and thrifts in the “Top 10 Markets”.
For more information, please visit the First Preston HT website.