Average rate on 30-year mortgage falls to 4 pct.

By Qiong (June) Zhang14 Comments

http://seattletimes.nwsource.com/html/businesstechnology/2016678332_apusmortgagerates.html

Freddie Mac said Thursday the rate on the 30-year loan fell to 4.00 percent from 4.10 percent last week.

The average rate on the 15-year fixed mortgage fell to 3.31 percent from 3.38 percent.

The average rate on the five-year adjustable loan fell to 2.96 percent from 3.08 percent.

The average fee for the 30-year fixed mortgage fell from 0.8 to 0.7. The average fee on the 15-year fixed loan was unchanged at 0.7. The average fees on the five-year adjustable loan one-year adjustable loan were also unchanged at 0.6.

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