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Long-Term Mortgage Rates Drop Below 4 Percent

by UrbanTurf Staff

Long-Term Mortgage Rates Drop Below 4 Percent: Figure 1

Mortgage rates continued their fall this week, dropping to their lowest level since November 2016.

Freddie Mac reported 3.97 percent with an average 0.5 point as the average for a 30-year mortgage today. One month ago, rates were averaging 4.3 percent.

The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.

This article originally published at http://dc.urbanturf.com/articles/blog/long-term_mortgage_rates_drop_below_4_percent/12476

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