Home Buyers Wake Up to Low Mortgage Rates

Before you go, we thought you'd like these...
Before you go close icon
home buyersAre home buyers starting to make their move? The latest data certainly suggests something along those lines: Mortgage applications rose 5.3 percent last week, according to the Mortgage Bankers Association. While much of that increase likely was due to an increase in FHA government-backed loans before insurance rates rise, a fall in mortgage interest rates also played a role. The current average 30-year fixed rate dropped from 4.98 percent to 4.83 percent for those able to provide a 20 percent down payment.

For more insight on mortgages and refinancing see these AOL Real Estateguides:
Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

Find a New Home

Powered by Zillow

From Our Partners