Mortgage Rates Drop Below 4% Week Ending 11/10/11
By Stephanie Leon | Miami Lakes Realtor®, Turning For Sale Into SOLD!
(Realty Empire Incorporated)
30 Year Fixed Rates Drop Below 4% This Week.. Here’s the scoop on mortgage rates for the week ending Nov. 10: 30-year fixed-rate mortgages: averaged 3.99 percent with an average 07 point, down from last week’s 4 percent average. The last time the 30-year fixed-rate mortgage dropped below 4 percent was Oct. 6 when it averaged 3.94 percent. Last year at this time, 30-year rates averaged 4.17 percent. 15-year fixed-rate mortgages: averaged 3.30 percent with an average 0.8 point, dropping slightly from last week’s 3.31 percent average. Last year at this time, 15-year rates averaged 3.57 percent. 5-year adjustable-rate mortgages: averaged 2.98 percent, with an average 0.6 point, rising from last week’s 2.96 percent average. A year ago at this time, the 5-year ARM averaged 3.25 percent. ...
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