According to data from the Mortgage Bankers Association, U.S. long-term mortgage rates fell for the sixth consecutive week, with the key 30-year loan average running below 4% and at its lowest point since September 2017. The average rate for 15-year, fixed-rate home loans declined this week to 3.28% from 3.46%. The recent rush into the bond market has pushed up bond prices and depressed their yields. The yield on the 10-year Treasury note, which influences mortgage rates, was 2.12% late Wednesday. The average rate for five-year adjustable-rate mortgages fell to 3.52% from 3.60% last week. The fee was steady at 0.4 point.
For all your Residential and Commercial Real Estate Appraisal needs please contact:James M. Hanson Associates, Inc.Phone: (609) 884-9185Email: Info@AppraiseNewJersey.comCommunity Resource LinksCape May Chamber of CommerceCape May County Chamber of CommerceAvalon Chamber of CommerceAtlantic City Chamber of Commerce