The average rate on a fixed 30-year jumbo mortgage is at 6.18 percent this week, down from last week’s average mortgage rate of 6.21 percent. Also down from the 6.65 percent recent high set on June 15, 2009. The average rate on a fixed 15-year jumbo mortgage loan is at 5.81 percent this week, down from the prior week’s average rate of 5.83 percent.
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If your current mortgage rate is comparably low, perhaps one percentage
point higher than current averages, you may not realize huge savings
from a refinancing. Moreover, if your credit is less than perfect, some
lenders may not offer superb low rates.
GOOD WORK
Lower mortgage rates are increasing affordable mortgage financing, and long-time renters may be thinking of transitioning from renting to homeownership.
nice post
Lower mortgage rates are providing opportunities for those who could not afford to buy at higher rates. Anyone priced out of the market a few years ago may now find buying a home affordable.
Its a good news
thanks for sharing
low mortgage rate give refinancing benefits homeowners who plan on living in their home for more than seven years.
Great news… Is it for purchase only or refinancing too?
Wow very interesting news…….
Indeed a very well written article, very informative thanks for posting it on the net..I could use this as reference and many others can also use it.
Thanks again..
Jain Neha
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