15-Year Mortgage Rates Dive to Lowest on Record
15-Year Mortgage Rates Dive to Lowest on Record
15-Year Mortgage Rates Dive to Lowest on Record
The 15-year fixed-rate mortgage, often the top choice of home refinancers, reached a new all-time record low of 3.11 percent this week, Freddie Mac reports in this week’s mortgage market survey. The 30-year fixed-rate mortgage also sank lower this week, hovering near it’s all-time low.
“Fixed mortgage rates eased for the third consecutive week following long-term Treasury bond yields lower after a weaker than expected employment report for March,” Freddie Mac’s Chief Economist Frank Nothaft says.
Here’s how rates fared for the week ending April 12:
- 30-year fixed-rate mortgages: averaged 3.88 percent, with an average 0.7 point, down slightly from last week’s 3.98 percent average. A year ago at this time, 30-year rates averaged 4.91 percent.
- 15-year fixed-rate mortgages: averaged a new record low of 3.11 percent, with an average 0.7 point, dropping from last week’s 3.21 percent average. The 15-year mortgage rate’s previous record low was 3.13 percent, which was set on March 8 of this year. Last year at this time, 15-year rates averaged 4.13 percent.
- 5-year adjustable-rate mortgages: averaged 2.85 percent this week, with an average 0.7 point, also falling from last week, in which it averaged 2.86 percent. Last year at this time, 5-year ARMs averaged 3.78 percent.
- 1-year ARMs: averaged 2.80 percent this week, with an average 0.6 point, rising from last week’s 2.78 percent average. A year ago, 1-year ARMs averaged 3.25 percent.
Source: Freddie Mac
admin
For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both.
Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary.
Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that “perfect” property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently.
When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting – or exceeding – his clients’ expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame.
For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania… call Anthony DiDonato.
