Archive For May 12, 2017

Mortgage Rates Crawl Higher in May

Mortgage Rates Crawl Higher in May

The nation’s average mortgage rate is currently hovering just over 4 percent, according to government mortgage giant Freddie Mac.  Borrowers obtaining a 30-year fixed rate loan can expect to pay an average interest rate of 4.05% with an average 0.5 point.  Points are an upfront fee (paid on settlement day) in exchange for a lower…

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