Arab Today, arab today mortgage rates slide slightly
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Mortgage rates slide slightly

Arab Today, arab today

Arab Today, arab today Mortgage rates slide slightly

Washington - UPI

U.S. mortgage rates slipped for the second consecutive week, the Federal Home Loan Mortgage Corp. said Thursday. Rates for 30-year, fixed-rate mortgages slid from 3.54 percent with an average 0.8 point to 3.43 percent, Freddie Mac said. Rates for 15-year contracts dropped from 2.74 percent to 2.65 percent with an average 0.7 point. One point is equal to 1 percent of the amount of the loan and is typically paid up front. It includes a corresponding discount on the loan\'s long-term interest rates. Interest rates for five-year adjustable rate mortgages fell to 2.62 percent with an average of 0.5 points from 2.65 percent. One-year adjustable rate mortgages using 10-year bonds as a benchmark averaged 2.62 percent with 0.3 point in the week, down from 2.63 percent in the previous week.

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