Mortgage rates slide to near-record lows
The benchmark 30-year, fixed-rate mortgage declined 8 basis points, to 5.29 percent, according to our national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week's survey had an average total of 0.33 discount and origination points. One year ago, the mortgage index was 5.98 percent; four weeks ago, it was 5.41 percent.The benchmark 15-year, fixed-rate mortgage declined 2 basis points, to 4.86 percent. The benchmark 5/1 adjustable-rate mortgage declined 10 basis points, to 5.24 percent.
Our survey occurred before the Federal Reserve's March 18 announcement that it plans to buy $300 billion of long-term Treasury bonds and $750 billion in mortgage-backed securities. The new purchases are in addition to an earlier Fed pledge to buy up $500 billion in mortgage-backed securities. Mortgage rates tumbled in the wake of the announcement.
Live Rate Quote :: Homebuyer Education :: Mortgage Glossary :: Purchasing in Today's Market :: Hawthorne Mortgage En Espaņol
Employment Opportunities! Contact Us :: Privacy Policy :: Hawthorne Capital Forms :: About Hawthorne Capital Corp :: Hawthorne In The News
Hawthorne Capital Corp Registration :: FSBO - For Sale by Owner :: Hawthorne Real Estate Library
