What do you think is the average 30-year mortgage rate?
Average 30-year mortgage rate dips to 4.15%
Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate loans eased to 4.15 percent from 4.17 percent last week. The benchmark rate stood at 3.65 per cent a year ago and averaged 3.65 percent through 2016, the lowest in records going back to 1971.
The rate on 15-year mortgages dropped to 3.35 percent this week from 3.39 per cent and 2.95 percent a year ago.
Both rates fell for the second straight week.
But rates have soared since President Donald Trump was elected Nov. 8. Investors have bid rates higher because they expect Trump’s plans to cut taxes and increase spending on infrastructure will boost growth and inflation.
The Federal Reserve raised short-term rates in December and is expected to continue hiking rates this year.
Source: Florida Realtors
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3 BEDS3 BATHS2090 SQFTShare this Property -
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3 BEDS2 BATHS1675 SQFTShare this Property -
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3 BEDS2 BATHS1768 SQFTShare this Property -
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3 BEDS3 BATHS1672 SQFTShare this Property -
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3 BEDS3 BATHS2092 SQFTShare this Property -
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3 BEDS2 BATHS1650 SQFTShare this Property -
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$624,900Rotonda West
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3 BEDS2 BATHS2170 SQFTShare this Property -
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$400,000Rotonda Lakes
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3 BEDS2 BATHS1767 SQFTShare this Property -
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$479,000Rotonda Lakes
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3 BEDS2 BATHS1880 SQFTShare this Property
