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Real Estate & Property Law

: Housing Wire

Mortgage Rates Fall, Refis Surge

By KELLY CURRAN

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After a slight but steady rise in recent weeks, mortgage rates turned downward this week, dramatically boosting the volume of refinancings, according to Freddie Mac’s (FRE: 0.5807 -4.80%) Primary Mortgage Market Survey released Thursday. 30-year fixed-rate mortgages averaged 5.16 percent with an average 0.7 point, dropping below last week’s 5.26 percent average. Last year at [...]

Full post as published by Housing Wire on February 12, 2009 (boomark / email).

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