Tag Archive | “mortgage index”

Mortgage Rates Near Record Low

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Although the mortgage rates are almost lowest than ever, but lenders are continuously making it harder for borrowers to get a home loan.

low mortgage rate

According to the Bankrate.com national survey of large lenders, the benchmark 30-year fixed-rate mortgage fell 16 basis points, to 5.19 percent. In this week’s survey, the mortgages had an average total of 0.38 discount and origination points, whereas the mortgage index was 6.39 percent one year ago, and four weeks back, it was 5.32 percent.

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September 2011
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