The #1 shared article for mortgages over the last week is The Wall Street Journal’s post from October 15th: Mortgage Rates Fall To Lowest Level Since June 2013.
Mortgage rates hitting a 16-month low last week is causing a stir, at least in social media. Declining interest rates present another good opportunity to buy a home, or refinance a higher rate mortgage.
Read The Wall Street Journal article: Mortgage Rates Fall To Lowest Level Since June 2013.
Over the past week, some mortgage lenders have been advertising rates of less than 4%, though those typically require borrowers to pay fees equal to at least 1% of the loan amount. The MBA’s weekly average rate of 4.2% last week, meanwhile, carried fees equal to around 0.17% of the loan amount.