Today's 30 year fixed mortgage rates are as low as 5% with zero buy down points. Rates are pretty much unchanged across the board; however, points paid by the borrower decreased 1/4. That's $1,000 savings on a mortgage of $400,000 today compared to yesterday.
Current 30 year fixed mortgage rates are inching closer to 4.875%. The leading indicator for 30 year fixed mortgage rates, the 10 year treasury yield, decreased to 3.45 from 3.49 today nearing it's lowest level since mid July.
Home sales data released today proves stabilization is indeed in effect in the housing sector. Median U.S. home prices posted their biggest increase in July since June 2005.
0 comments:
Post a Comment