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30 year fixed rate mortgage falls again

October 9th, 2009 · 1 Comment · Uncategorized

According to Freddie Mac, consumers could shave almost $134 off their monthly mortgage payments on a 30-year fixed-rate loan for $200,000 by refinancing now based off a loan that was financed 12 months ago.

The 30 year fixed rate mortgage fell below 5% last week and fell a bit further this week as well to an average of 4.87 with an average 0.7 point. Rates have not been this low since May of 2009 and this is near the lowest levels recorded since Freddie Mac started keeping track.

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  • Kylie Batt

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    The 30 year fixed rate mortgage fell below 5% last week and fell a bit further this week as well to an […….

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