Interest rates this week improved slightly when the stock market took a dip. Below I have quoted our friends Jeff and Renee Kneller at Mountain Equity Mortgage. Last week’s volatility in the stock market stabbed at the hearts of both the Stock and Bond markets, with home loan rates swinging higher and lower throughout the course […]
Interest Rate Review
Here’s a quick interest rate review: In Freddie Mac Primary Mortgage Mkt Survey (for the week ending June 9) in which the 30-yr fixed-rate mortgage (FRM) avg. 6.62%, down from last week’s avg. of 6.67%. Last year at this time, the 30-yr FRM avg. 5.56%. The avg. for the 15-yr FRM is 6.23%, down from […]