A down to earth look at real estate issues in
Northern New Jersey with an environmental twist.
Sunday, January 18, 2009
30 Year Rates Continue to Dip Below 5%
Freddie Mac's latest surveys are showing the 30-year fixed-rate mortgage averaged 4.89 % with an average 0.7 point drop for the week ending January 15. Last year at this time, the 30-year FRM averaged 5.69 percent. The 30-year FRM has not been lower since Freddie Mac started the survey in 1971. 15 year morgages can now be had for 4.6%