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Mortgage Rates Dip Slightly Just Before Holiday

by UrbanTurf Staff

Mortgage Rates Dip Slightly Just Before Holiday: Figure 1

Long-term mortgage rates fell for the second week in a row on Wednesday.

Freddie Mac reported today that a 30-year fixed-rate mortgage averaged 3.95 percent with a 0.7 point. Rates have now dropped incrementally for two weeks in a row. A year ago, long-term rates sat at 3.99 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 https://dc.urbanturf.com/articles/blog/mortgage_rates_dip_slightly_just_before_holiday/10629

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