Mortgage Rates at Three-Month Low #homeownership #realestate #investment

​Source:  The Washington Post

According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 4.63 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.75 percent a week ago and 3.93 percent a year ago.
The 15-year fixed-rate average sank to 4.07 percent with an average 0.5 point. It was 4.21 percent a week ago and 3.36 percent a year ago. The five-year adjustable rate average slipped to 4.04 percent with an average 0.3 point. It was 4.07 percent a week ago and 3.36 percent a year ago.

Check out the full story here:
www.washingtonpost.com/business/2018/12/13/mortgage-rates-plunge-their-lowest-level-three-months/?noredirect=on&utm_term=.f04ea196060a

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