Basil Barouki Discusses How the 30-Year Fixed Mortgage Rates Declined for Second Consecutive Week
Borrowing costs have long been an issue for those looking for a home mortgage or refinance. However, due to this week’s mortgage rate tumble, consumers are presented with near-historical percentages and an undeniable opportunity. Indeed, the weeks to come will be ideal to refinance or purchase a home. According to Freddie Mac (FMCC), 30-year fixed home mortgages plummeted to 3.43 percent, with the average 15-year rate down to 2.65 percent.
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