Freddie Mac’s weekly rate report revealed that mortgage rates continued to trend lower last week.
From Freddie Mac’s Vice President and Chief Economist states, “Mortgage rates continued to fall, albeit at a slower pace, with the 30-year fixed rate mortgage averaging 3.63 percent this week”. According to the PMMS, in order to receive that rate, borrowers paid an average of 0.7 points.
If you would like to drop your mortgage payment, dump or reduce mortgage insurance or shorten your mortgage term, you may want to check out refinancing. If your home is located anywhere in Washington state, I’m happy to help you. Click here if I can provide you with a mortgage rate quote.
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