Austin Refinance: Austin mortgage rates fall to another record low
Austin Refinance: Austin mortgage rates fall to another record low
http://www.bankrate.com/finance/news/mortgage-rates-fall-to-another-record-low.aspx
Austin mortgage rates fell, reaching another record low despite signs the U.S. economy is recovering. The stock market had rallied earlier this week, as investors became more confident, but the optimism was short-lived.
The benchmark Texas 30-year fixed-rate mortgage fell 3 basis points this week, to 4.18 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week’s survey had an average total of 0.34 discount and origination points. One year ago, the mortgage index was 4.94 percent; four weeks ago, it was 4.24 percent. http://www.mylendingplace.com/
The benchmark Texas 15-year fixed-rate mortgage fell 4 basis points, to 3.4 percent. The benchmark 5/1 adjustable-rate mortgage fell 1 basis point, to 3.19 percent, and the 30-year fixed-rate jumbo fell 2 basis points, to 4.62 percent.
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