Mortgage rates coast as housing market tightens

From Bankrate :

Mortgage rates coast as housing market tightens

Mortgage rates moved up, down and sideways this week as investors pondered both positive and negative economic news reports.

30 year fixed rate mortgage – 3 month trend

30 year fixed rate mortgage – 3 month trend

Rate movement was so slight it was almost nonexistent. The benchmark 30-year fixed-rate mortgage fell to 3.61 percent from 3.62 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week’s survey had an average total of 0.44 discount and origination points. One year ago, the mortgage index stood at 4.33 percent; four weeks ago, it was 3.55 percent.

The benchmark 15-year fixed-rate mortgage fell to 2.9 percent from 2.91 percent. The benchmark 5/1 adjustable-rate mortgage rose to 2.73 percent from 2.72 percent.

Here’s the link

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