Mortgage-rate trends were mixed early this week, Freddie Mac said,
with lenders offering a 30-year fixed loan at an average of 4.19%, down
from 4.2% a week earlier.
The average rate for a 15-year fixed
loan was unchanged at 3.36%. Loans that become adjustable after five
years of fixed payments saw the start rate drop to 3.06%, from 3.08%,
Freddie Mac said Thursday in releasing its weekly report.
In
addition to rates, the terms include how much the lenders would collect
in fees and discount points to make the loans. Buyers can pay extra
points to lower rates, or avoid paying lender fees and for services such
as appraisals by accepting higher rates.
The
yield on the 10-year Treasury note, a benchmark for long-term fixed
mortgage rates, has fallen this week, which puts downward pressure on
rates.
Source LA Times
No comments:
Post a Comment