Last week the 30-year-fixed-Rate Mortgage fell below 4%, displaying a 16 month low for the product. Furthermore, the 15-year-fixed-rate mortgage also registered a fall as it averaged 3.46% from the previous 3.51%. Interest rates have been following the general market cues similar to the bond market. Important factors influencing the slowdown are general slowing trends
This post first appeared on The Mortgage Fraud Reporter: Real Estate & Mortga, please read the originial post: here