30 Year Mortgage Rates Still Around 4%

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30 Year Fixed Rate Mortgage Rates Still Hover at About 4% - 15 Year Rates Below 3%.

The average 30-year fixed mortgage rate tracked by Freddie Mac during the week ending last week (Dec. 1) came in a bit igher at 4%, but still left the average for the past month below 4%.

"If you look at the entire month of November, the 30-year averaged 3.99%," said Freddie Mac spokesman Chad Wandler. For 15-year loans the average was 3.31%, he noted.

"We're talking incredibly low mortgage rates," he said. "For those people in the market, and who can qualify, it's an incredible opportunity."

The 15-year FRM rate during the most recent week maintained the same average as the previous week, 3.3%, while the five-year Treasury indexed hybrid was down a basis point at 2.9%. The average rate for a one-year Treasury ARM also inched down by a basis point to 2.78%.

A year ago the 30-year rate was 4.46%, the 15-year rate was 3.81%, the five-year Treasury hybrid rate was 3.49% and the one-year Treasury ARM rate was 3.25%.

What this means is that RIGHT NOW remains one of the very best times in the last century to be in the market for a home. If you are a potential First Time Home Buyer you should be contacting us NOW!

It also means that if you have an interest rate above 5 1/2% you should be contacting The Home Ownership Center USA to be directed to a Certified THOC Mortgage Professional to get your loan refinance and do it with NO CLOSING COST!

Email us at: info@TheHomeOwnershipCenterUSA.org