Mortgage Rates Slip to 4.71%
Posted by Jen Dollar on
Fixed mortgage rates have dipped for the second week straight as Treasury bond yields fall again. The Orlando area real estate market is finding that its housing inventory low pricing is being met with great finance opportunities for those that are ready to invest in a Central Florida housing. The market is seeing some of the lowest prices in terms of inflation adjust dollars.
Freddie Mac stated the average rate on the 30-year mortgage dropped to 4.71 percent this week from 4.77 percent the previous week. It hit a 40-year low of 4.17 percent in November.
The average rate on the 15-year loan dropped to 4.08 percent from 4.13 percent. It reached 3.57 percent in November, the lowest level on records starting in 1991.
Treasury yields dropped after the…
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