Thankfully, Rates Drop
The first decline in five weeks drove mortgage interest to near historically low levels once again as the 30-year fixed rate averaged 5.07 percent for the week ended April 15, down from 5.21 percent a week earlier. Freddie Mac also reports that the 15-year fixed rate averaged 4.40 percent, down from 4.52 percent; one-year adjustable-rate mortgages averaged 4.13 percent, down from 4.14 percent; and interest on the five-year ARM came in at an average of 4.08 percent compared to 4.25 percent.
[SOURCES: Information, Inc.; Freddie Mac]
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Mack Meeks
CENTURY 21 Mid-State Realty L.L.C.
1810 Sharp Springs Road
Winchester, TN 37398
Business : 931-967-4321
Fax : 931-967-9378
Cell : 931-808-8661
