Friday, October 17, 2014 / by Teresa Dipeso
Great Time To Buy, Mortgage Rates Fall Below 4% !
Call The DiPeso group today to arrange financing and find your new home at the Jersey Shore!
National averages with mortgage rates for the week ending Oct. 16, 2014
- 30-year fixed-rate mortgages: averaged 3.97 percent, with an average 0.5 point, posting a big drop from last week’s 4.12 percent. A year ago, 30-year rates averaged 4.28 percent.
- 15-year fixed-rate mortgages: averaged 3.18 percent, with an average 0.5 point, dropping from last week’s 3.30 percent average. This time last year, 15-year rates averaged 3.33 percent.
- 5-year hybrid adjustable-rate mortgages: averaged 2.92 percent, with an average 0.5 point, dropping from last week’s 3.05 percent average. A year ago, 5-year ARMs averaged 3.07 percent.