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Thirty Year Fixed Mortgage Rates Decline

Who would of thought a few years ago that borrwers could lock into a 4.25% fixed rate mortgage for 30 years? According to Zillow Mortgage Marketplace, mortgage rates on thirty-year fixed home mortgage rates reported 4.28% Tuesday afternoon, down from 4.38% at the same time last week.  The thirty-year fixed rate mortgages fell steadily for most of the week.  Home refinance rates hovered near 4.34%, with a significant drop to 4.29% on Monday.  The 30-year fixed rate mortgage continues to be the most popular choice for borrowers looking to refinance their existing home loan. Home equity rates fell for the 5th consecutive week.   Read the original article posted on Mortgage Refinancing Buzz > Thirty Year Mortgage Refinance Rates Fall

Posted in Home Equity, Home Mortgage Articles, Mortgage News, Mortgage Rate Reports. Tagged with , , .

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