Mortgage interest rates have just hit another new low. Mortgage rates declined for the third consecutive week. The 30-year fixed averaged just above its record low while the 15-year fixed averaged a new all-time record low of 3.11% surpassing its previous low of 3.13% in March, 2012.
- 30 year fixed rate mortgages averaged 3.88% with an average 0.7 point for the week ending April 12, 2012. Last year at this time, the 30-year FRM averaged 4.91 percent.
- 15 year fixed rate mortgages averaged 3.11% this week with an average 0.7 point. This is down from last week when it was 3.21%. A year ago at this time, the 15-year fixed rate mortgage averaged 4.13 percent.
It is amazing how low interest rates have fallen. The feds have stated that they plan to keep interest rates low to help stimulate the real estate market. This is a great opportunity for anyone who is able to qualify for a mortgage. If you are looking for a home in Scottsdale, call me to set up a personalize tour. I would be happy to show you any Scottsdale condos or homes for sale.
Scottsdale Realtor | Attorney
The Brodeur Luxury Group
21040 N. Pima Rd Suite 200
Scottsdale, AZ 85255