Dympna Fay-Hart
Serving Chicago Area Sellers & Buyers

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Mortgage Rates Lower For The Sixth Consecutive Week!

How unpredictable have mortgage rates been.  Most economists have been forecasting that rates would rise, little by little, throughout 2016.  However, so far this year they have been dropping, week after week, and are now hovering around the lowest rates of 2015.

The 30-year fixed-rate mortgage (FRM) averaged 3.65% with an average 0.5 point for the week ending February 11, 2016, down from last week when it averaged 3.72 percent. A year ago at this time, the 30-year FRM averaged 3.69%.

The 15-year FRM this week averaged 2.95% with an average 0.5 point, down from 3.01% last week. A year ago at this time, the 15-year FRM averaged 2.99%.

To learn more, view Freddie Mac's press release at: Mortgage Rates Down Again, Hovering Just Above 2015 Lows