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 30 years in the industry, Mark has gained experience in ....

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