Lower-Than-Expected Mortgage Rates Offer Refinance Opportunity

Julie C. Nichols General

Contact me for a Free Refinance analysis if you live in Texas, Colorado, Kansas, New Mexico or Oklahoma!

Reblogged from: FreddieMac

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing mortgage rates moving lower for the fifth consecutive week amid ongoing market volatility. The average 30-year fixed is at its lowest point since the week of April 30, 2015 when it averaged 3.68 percent.

News Facts

· 30-year fixed-rate mortgage (FRM) averaged 3.72 percent with an average 0.6 point for the week ending February 4, 2016, down from last week when it averaged 3.79 percent. A year ago at this time, the 30-year FRM averaged 3.59 percent.

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