The 4th of July is coming up, and that means plenty of bbqs, Independence Day weekend store sales, and fireworks. But as the fireworks and festivities are getting ready to start up, we’ve been busy watching rates go down.
Mortgage rates have once again hit historic lows. Yes, we know you’ve heard it before, but yesterday’s Freddie Mac Primary Mortgage Market Survey reported that rates beat the previous week’s record lows. Freddie reported 30-year mortgage rates at an average of 4.58. 15-year mortgages were at 4.04 and the 5/1 ARM was at 3.79. (Freddie Mac factors their figures with .7 points)
And here at LendingTree, we also saw a decline in mortgage rates offered from the previous week for 30-year mortgages and 5/1 ARMS. In fact, today’s lowest rates being offered via the LendingTree network include 4.25% (4.45% APR) for a 30-year fixed rate mortgage. That’s cause enough for celebration for us!
Celebrate your own independence from high rates: Get free customized loan offers today to purchase – or refinance .
Photo credit: Beverly & Pack
