Mortgage Interest Rates Remain Low

Market News

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.