Mortgage Interest Rates Remain Low

Weak employment data in combination with positive statements by the Federal Reserve Board concerning possible future hikes have brought down rates once again. According to a new report by Freddie Mac, mortgage rates have declined approximately one-half of one percent on a 30-year fixed load from mid-September 2014 through early April 2015.

This amounts to a homeowner savings of $1500 per year on a $300,000 mortgage and $45,000 over the life of the loan.

In fact, Black Knight Financial Services estimates that 7.1 million Americans could benefit by refinancing in light of the current rates.

Leave a Comment