Mortgage rates continue coming in with low APR’s for buyers and those looking to refinance. Nationally, the second week of February 2020 saw 30 and 15-year fixed rate mortgages at close to a full point lower than the same period in 2019.
Freddie Mac’s Chief Economist says mortgage rates are hovering near a five-decade low.
National averages from Freddie Mac for the week ending February 13 are:
- 30-year fixed = 3.47%
- 15-year fixed = 2.97%
- 5-year hybrid adjustable rate mortgages = 3.88%
Now is a great time for home buyers to save a lot of money over the life of their mortgage. Take advantage now, and lock in a good rate. One of our Pagosa Brokers Real Estate agents will be happy to help you find the perfect place.
National Mortgage Rate Averages for the Week Ending Feb. 13 from Freddie Mac and Realtor Magazine.
Read more here.
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