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Mortgage and refinance rates have dropped over the past week, with all refinance rates dipping by at least three basis points. Rates remain low in general.
If you’re aiming to buy a home or to refinance, you might want to go for a fixed-rate mortgage, as adjustable rates currently start higher than fixed rates. There’s also the possibility that your rate could increase down the line with an ARM.
Rates from Money.com
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Since last Monday, mortgage rates have decreased, with 7/1 ARM rates dropping precipitously by 91 basis points. Rates for 15-year fixed mortgages have remained flat from this point last month.
We’re showing you the average rates nationwide for conventional mortgages, which might be what you think of as “normal mortgages.” You might qualify for an improved rate with a government-backed mortgage through the FHA, VA, or USDA.
Rates from Money.com
Click here to compare offers from refinance lenders »
All refinance rates are down since last Monday. Rates for fixed mortgages are below 4%, and rates have dropped across the board since last month.
Rates are still low overall. Low rates commonly signify an economy in distress. As the US continues to wade through the economic fallout of the…
