ABBA First Mortgage News

Another fairly stable week with a slight improvement overall

Rates were down slightly in the past week, with the survey being released one-day early because of Thanksgiving.  For the week ending November 22, Freddie Mac announced that 30-year fixed rates fell to 3.92% from 3.95% the week before.  The average for 15-year loans increased one tick to 3.32%.  The average for five-year adjustables also increased one tick to 3.22%.  A year ago, 30-year fixed rates averaged 4.03%, slightly higher than today.  Attributed to Sean Becketti, chief economist, Freddie Mac — “Rates dipped slightly in a short week leading up to the Thanksgiving holiday. The 10-year Treasury yield fell roughly 4 basis points, while 30-year fixed rates dropped 3 basis points to 3.92 percent. Rates on home loans continue to remain low.”

ABBA First Mortgage has the rest of the competition beat with lower rates and lower costs to make your financing desires come true.  Please call us toll free at 866-676-3349.  Don’t settle for less than the best.  Shop around and prove it to yourself.

Note: Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.

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