Mortgage Rates Drop for Second Straight Week
The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased last week to 5.48 percent, down from 5.58 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com(R). Meanwhile, rates for 15-year fixed mortgages fell to 4.87 percent from 5.01 percent, and 5-1 adjustable rate mortgages also fell to 4.65 percent, down from 4.73 the week prior.
After Weeks on the Rise, Mortgage Rates Finally Drop
The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased last week to 5.58 percent, down from 5.72 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com(R). Meanwhile, rates for 15-year fixed mortgages fell to 5.01 percent from 5.18 percent, and 5-1 adjustable rate mortgages remained flat at 4.73 percent.
Using An Online Mortgage Calcultor To Help You Refinance
Mortgage refinancing is at an all time high. Refinancing one's mortgage loan typically saves a considerable amount of money, but also helps those get cash out to pay off their debts. However, with mortgage refinance there is the danger, of diminishing the home's equity, paying too much to save too little, or just choosing a bad refinance mortgage loan. These risks can be easily avoided with the help of mortgage calculators.
Related Searches
Develop Your Domain Names
