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Mortgage Rates Lowest Since May 2013

Friday, December 5, 2014   /   by Teresa Dipeso

Mortgage Rates Lowest Since May 2013

The 30-year fixed-rate mortgage sunk to a 3.89 percent average this week, its lowest level since May 30, 2013. That translates to more mortgage savings for home buyers and refinancers.


 


Averages mortgage rates for the week ending Dec. 4:


 


30-year fixed-rate mortgages: averaged 3.89 percent, with an average 0.5 point, dropping from last week's 3.97 percent average. Last year at this time, 30-year rates averaged 4.46 percent.


 


15-year fixed-rate mortgages: averaged 3.10 percent, with an average 0.5 point, dropping from last week's 3.17 percent average. A year ago, 15-year rates averaged 3.47 percent.


 


 


5-year hybrid adjustable-rate mortgages: averaged 2.94 percent, with an average 0.5 point, dropping from last week's 3.01 percent average. Last year at this time, 5-year ARMs averaged 2.99 percent.


 


 


1-year ARMs: averaged 2.41 percent, with an average 0.4 point, dropping from last week's 2.44 percent average. A year ago, 1-year ARMs averaged 2.59 percent.


 

Teresa M DiPeso & The DiPeso Group Jersey Shore Real Estate Experts
Teresa M. DiPeso
Long & Foster
Avalon/Stone Harbor/Cape May/Sea Isle/Wildwoods, NJ 08202
609-780-1434

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the South Jersey Shore Regional MLS. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
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