Major lenders like Bank of America, Wells Fargo and chase know that people want low mortgage rates so they just offer higher fees. Why pay additional points when getting your mortgage rate when you don’t have to? At Mylendingplace.com, we can get you the same low Austin mortgage rates without charging you additional points.
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The firm noted the rate for a 30-year fixed-rate mortgage during the period matched its all-time low, making it the fifth straight week the rate has averaged below 4%. The 30-year fixed-rate mortgage averaged 3.91% for the week ended Thursday, down from 3.95% the previous week and 4.77% a year ago. Rates on 15-year fixed-rate mortgages averaged 3.23%, down from 3.24% last week and 4.13% a year earlier.
The five-year Treasury-indexed hybrid adjustable-rate mortgage, or ARM, averaged 2.86%, down from 2.88% last week and 3.75% a year ago. One-year Treasury-indexed ARM rates averaged 2.8%, up from 2.78% the prior week, though below 3.24% last year. http://www.mylendingplace.com/
To obtain the rates, 30-year and 15-year fixed-rate mortgages required an average payment of 0.8 percentage point. Five-year and one-year adjustable-rate mortgages required an average 0.7 percentage point and 0.6 percentage point payment, respectively. A point is 1% of the mortgage amount, charged as prepaid interest.
Interested in a new home mortgage or refinancing an existing home mortgage? We can help! We can offer you the best mortgage rates with the lowest closing costs! Visit: Mylendingplace.com or Call us: 512-996-8194
Today’s Austin mortgage rates are still near historic lows! If you’ve been interested in refinancing your existing home mortgage loan, now is the time! We can offer you the best mortgage rates with the lowest closing costs!
