ABBA First Mortgage News

ABBA First is ready to meet or beat the competition for your business!

Mortgage rates rebounded to their highest level since late June after moving up slightly over the previous week’s rates, according to the Primary Mortgage Market Survey released by Freddie Mac for the week ending July 26.  ABBA First Mortgage has kept pace with being a low rate provider with discounted interest rates for clients with the right credit scores and the required parameters.  Our rates are amonst the lowest that clients can find when comparing apples and apples but out service is by far the best offering one on one personal service all along the way.

The average rate for the 30-year fixed-rate mortgage was 4.54%, with an average 0.5 point, up from the 4.52% average in the prior period. The latest average is an increase from the 3.92% average rate in the year-ago period.  Check ABBA First Rates on our Rates page or by calling 910-332-0650 and asking for Rich, the owner of ABBA First, who will work with you to find the rate that you are looking for.

The 15-year fixed-rate mortgage averaged 4.02%, with an average 0.4 point, up from 4%. A year ago at this time, the mortgage averaged 3.2%.

Rates for the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.87%, with an average 0.4 point, remaining unchanged from the previous survey. The 5-year ARM averaged 3.18% in the same week in 2017.

Remember, always call ABBA First before making your final decision about where you are going to place your loan.  Tell us that you are finished shopping and that you’re giving us a chance to be the One to earn your business and your trust NOW.

 

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