Mortgage company Freddie Mac said that this week the average rate for a 30-year fixed mortgage was 5.04%, that has dropped down from 5.07% a week earlier.
15-year fixed-rate mortgage has dropped to 4.47%
The average rate on a 15-year fixed-rate mortgage has dropped to 4.47% from 4.5% last week, these were the lowest level on records that has ever recorded since 1991.
Rates on five-year adjustable-rate mortgages averaged 4.51%, these have not changed from a week earlier. One-year adjustable-rate mortgages fell from 4.64% to 4.58%.
The nationwide fee for loans
The add-on fees known as points is not included in these rates. In Freddie Mac’s survey the nationwide fee for loans averaged 0.7 point for 30-year loans and for 15-year loans 0.6 point. The fee averaged 0.5 point for five-year and one-year loans.
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