BREAKING NEWS – U.S. Record low mortgage rates!

  • Record 3.36% US. 30-year Fixed Rate Home Mortgage!
  • 15-year fixed mortgage is now down to 2.69 percent!
  • Average rate on one-year adjustable-rate mortgages fell to 2.57%
  • Average five-year adjustable rate mortgage is up a bit to 2.72%

Regarding adjustable rate mortgages:  Why apply for one if you don’t NEED one when basically the only direction left for rates is up? Now, when rates are already high it is undeniably a smart strategy along with the eventual free slide down when rates do fall lower.

Paul and Debbie