From Freddie Mac’s weekly survey: The 30

From Freddie Mac’s weekly survey: The 30-year fixed improved 9 big basis points, dropping to 3.84 from last week’s 3.93 percent. Ditto for the 15-year, better by 9 basis points, dropping to 3.06 percent from last week’s 3.15 percent.

BOTTOM LINE: Assuming a borrower gets the average 30-year conforming fixed rate on a $417,000 loan, last year’s rate of 4.10 percent and payment of $2,014 is $62 more than this week’s payment of $1,952. http://ow.ly/RtQ1o

About BillGrossC21

Licensed California Real Estate Broker and Productivity Coaching
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