August 24, 2016

Mortgage rates stay stable, again

By Marcie Geffner - Bankrate.com

Mortgage interest rates were essentially unchanged this week, giving borrowers more time to buy a home or refinance their existing mortgage at very attractive rates.

The benchmark 30-year fixed-rate mortgage went up to 3.57% from 3.56%, according to Bankrate's weekly survey of large lenders. A year ago, this rate was 4.03%. Four weeks ago, it was 3.63%.

The mortgages in this week's survey had an average total of 0.25 discount and origination points.

Read more:
http://www.bankrate.com/finance/mortgages/mortgage-analysis-082416.aspx?ic_id=Top_Financial%20News%20Center_link_1