Great news if you are looking to buy or refi
your VA Loan. Mortgage rates are so incredibly low it just makes sense to buy or
refi a home right now.
Good news for prospective homebuyers, bad news for those looking for signs of economic life in housing: Mortgage rates hit new record lows last week.
We’ve been following the weekly rates as the housing bulls and bears continue to declare bottoms and not-bottoms. Freddie Mac said Thursday the 30-year mortgage rate fell for a second week, to 3.84%, down from its previous all-time record low of 3.87% on February 9. The 15-year fixed average also fell to a new all-time low of 3.11%.
The 30-year rate hit a recent high of 4.08% in March but has been unable to top 4% since. Last year at this time, it averaged 4.71%.
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