ABBA First Mortgage News

Rates are low. ABBA First rates are lower!

Please take the time to compare ABBA First interest rates with the national average as shown below from Freddie Mac.  Our rates are so much better and if you find something that you think is better, call us and we will meet or beat your best “deal”.

Last week, 30-year fixed rates fell to their lowest level in the past six weeks.  For the week ending August 10, Freddie Mac announced that 30-year fixed rates fell to 3.90% from 3.93% the week before.  The average for 15-year loans remained at 3.18%, and the average for five-year adjustables moved down slightly to 3.14%.  A year ago, 30-year fixed rates averaged 3.45%.  Attributed to Sean Becketti, chief economist, Freddie Mac — “After holding relatively flat last week, the 10-year Treasury yield fell 4 basis points this week. The 30-year rate on home loans moved in tandem with Treasury yields, dropping 3 basis points to 3.90 percent. Earlier last week, Federal Reserve officials highlighted the influence of continued weak inflation data on rates.”

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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