The median interest rate for financing a 30 year home mortgage loan with zero points fell 1/8 of a point today, to 5 7/8 percent. The 30 year mortgage interest rate with one pre-paid point dropped 1/8 of a point to 5 5/8 percent. The 30 year mortgage interest rate with two prepaid points dropped 1/8 of a point to 5 3/8 percent.
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My name is Rob Regehr and I’m a personal finance writer with a chip on my shoulder for banks and brokers that take advantage of my friends and neighbors.
