The interest rate on the average 30 year home mortgage with zero points dropped 1/8 of a percentage point today, down to 5-3/4 percent. If the home mortgage market continues in its current direction, interest rates should remain at this level. The 30 year mortgage interest rate with one pre-paid point dropped 1/8 of a point to 5-1/2 percent. The 30 year mortgage interest rate with two pre-paid points dropped 1/8 of a point to 5-1/4 percent.
To learn about refinancing your home mortgage loan, and how to save money doing so, sign up for our free course, “Five Things You Need to Know Before Refinancing a Mortgage” using the link below.
Refinance a Mortgage – Five Things You Need to Know
My name is Robert Regehr and I’m a personal finance blogger with a chip on my shoulder for banks and mortgage brokers that take advantage of my friends and neighbors.
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