ABBA First Mortgage News

What happened to rates last week…

Rates edged up in the past week, with rates on home loans rising less than Treasuries.  For the week ending October 5, Freddie Mac announced that 30-year fixed rates rose to 3.85% from 3.83% the week before.  The average for 15-year loans rose 2 ticks as well, to 3.15%.  The average for five-year adjustables moved down to 3.18%.  A year ago, 30-year fixed rates averaged 3.42%.  Attributed to Sean Becketti, chief economist, Freddie Mac — “After holding steady last week, rates ticked up this week. The 10-year Treasury yield rose 8 basis points, while 30-year fixed rates increased 2 basis points to 3.85 percent.”

ABBA First Mortgage continues to offer it’s clients better than market rates with much better than market service.  We are celebrating our 12th year in business this October 15th and can truly say that we have been blessed to bring hundreds and hundreds of buyers/borrowers to closing for their mortgages.  Offering low interest rates and low closing costs with exceptional service, please consider ABBA First for all your mortgage needs.  Call 866-676-3349 and ask for Rich.

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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