According to Freddie Mac’s weekly mortgage rate survey of more than one hundred banks, 30-year mortgage rates averaged 3.68% last week, marking the 19th straight week of sub-4 percent rates; and the 15-year fixed rate mortgage rate averaged 2.97%.
With conventional mortgage interest rates near 24-month lows, today’s home buyers can afford close to 11% “more home” as compared to the start of last year. This means that if you could afford a $400,000 home last year, this year, you can afford a home for $444,000. Read More
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