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« U.S. home sales should "coast" at a somewhat lagging pace next year and prices should remain flat | Main | JPMorgan Real Estate Fund Gains From Record REIT Acquisitions »

The 30-year fixed-rate mortgage averaged 6.31% nationally for the week, down from 6.40% last week.

  

The drop reversed increases that occurred in two of the last three weeks and left the 30-year loan at the level it was a year ago.

"With mortgage rates down this week, we may see a spurt of refinancing by those who want to get out of ARMs that are scheduled to reset in the next year while interest rates are still comparatively low."

 » Search RealEstate-Specific Tags: Mortgage Rates - ARM - Refinancing
» MarketWatch

Posted at 08:22 AM in New HomeBlog News |

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