Mortgage Rates Ease First Week In April 2018

Dated: 04/09/2018

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Mortgage Rates Ease This Week For Week Ending April 6th and We can Help Save You More

National Mortgage Rates April 2018

Mortgage Rates Last Week

      

Freddie Mac reported the following national averages for the week ending April 5:

  • 30-year fixed-rate mortgages: averaged 4.40 percent, with an average 0.5 point, dropping from last week’s 4.44 percent average. Last year at this time, 30-year rates averaged 4.10 percent. 

  • 15-year fixed-rate mortgages: averaged 3.87 percent, with an average 0.4 point, dropping from last week’s 3.90 percent average. A year ago, 15-year rates averaged 3.36 percent.

  • 5-year hybrid adjustable-rate mortgages: averaged 3.62 percent, with an average 0.4 point, falling from last week’s 3.66 percent average. A year ago, 5-year ARMs averaged 3.19 percent. 

Source: Freddie Mac


Despite Mortgage Rate Fluctuations - You can Save Money

Although mortgage rates have been rising, there was a slight decrease last week. Rates will fluctuate based on the overall conditions created by Federal Reserve Bank policy and the bond market. Despite slight increases, you may want to check one of my preferred lenders to show you some mortgage products which can help you achieve cost savings in your residential mortgage. Please consult loan officer Jason Evans with Loan Depot for a more accurate rate and better options for your mortgage. You can reach Jason Evans @ (315) 569-7338. 

Michael Mahoney
Realtor
eXp Realty
617-615-9435

www.RealtorMikeMahoney.com


Would you like to know what your home is worth? Check out www.HomeValueBoston.com or see all homes for sale in Greater Boston at www.HomesinBostonMass.com

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