Average 30-Year Fixed Rate Mortgage Interest – Chart
30-Year Fixed-Rate Mortgage Hits Record Lows
Mortgage rates hit record lows in the week ending May 31, 2012. The 30-year fixed -rate mortgage average declined for the 5th straight week to 3.75%
Opportunity for You
What does this mean for you as a home buyer? Ultimately, the interest rate that any individual can get will depend upon credit scores and loan amount, but it’s obvious that this is the best time to buy or refinance in …. well, 30 years!
Live Financial Calculators
Check out our financial calculators and see what your payments would be, and let us know if we can help you make a move. There are lots of things you can do on our financial page, so take a minute and see what you can learn about your options! Find an amortization schedule, payment qualifier, see the true cost of waiting to buy a home and much more.
This terrific chart provided courtesy of Samuel Scott Financial Group