Mortgage Rates Drop In Time For Spring Homebuying

Dated: April 11 2014

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As the market heads into the spring homebuying season, mortgage rates moved down slightly, according to the latest Freddie Mac Primary Mortgage Market Survey.

The 30-year, fixed-rate mortgage averaged 4.34% for the week ended April 10, down from 4.41% last week, and significantly up from 3.43% a year prior.

The 15-year, FRM dropped to 3.38% from 3.47%, and is up from 2.65% in 2013.
Meanwhile, the 5-year Treasury-indexed hybrid adjustable-rate mortgage came in at 3.09 this week, a decline from 3.12% a week ago, but up from 2.62% last year.

The 1-year Treasury-indexed ARM averaged 2.41% for the week, falling from 2.45% last week and 2.62% a year prior. Read More Here...
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Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....

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