Mortgage Rates are at Historic Lows!

The 30-year fixed-rate mortgage averaged 4.00 percent for the week ending Nov. 3, 2011, down from 4.10 percent a week earlier, according to Freddie Mac. Thi...

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Mortgage Rates are at Historic Lows!

Posted by Gary Ashton: RE/MAX ADMIN on Tuesday, November 8th, 2011 at 1:04am.

The 30-year fixed-rate mortgage averaged 4.00 percent for the week ending Nov. 3, 2011, down from 4.10 percent a week earlier, according to Freddie Mac. This past week's average is the second lowest in history, after the record 3.94 percent set during the week ending Oct. 6, 2011. Also, the 15-year fixed-rate mortgage averaged 3.31 percent, down from 3.38 percent the previous week, and the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.96 percent this past week, down from 3.08 percent. Mortgage rates declined sharply as investors turned to U.S. Treasury bonds amid concerns about the European debt market.

[SOURCES: Realty Times; Information, Inc.]

 

Gary Ashton

The Ashton Real Estate Group of RE/MAX Advantage

The #1 Real Estate Team in Tennessee and #4 RE/MAX team in the world!

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