Mortgage rates continue to nose-dive

Source: Kathy Orton, Washington Post (Paid Registration)

Just a handful of months ago, mortgage rates were soaring. Now they are sinking.

According to data released Thursday by Freddie Mac, the 30-year fixed-rate average plunged to 4.06 percent, with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) The 30-year fixed, which was 4.28 percent a week ago, had its biggest one-week drop in a decade. 

Read Full Article: Mortgage rates continue to nose-dive




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