The average weekly rate for a Conventional, 30-yr fixed rate mortgage has dropped to its lowest level of the year. This marks a steady decline for the past several weeks for the fixed rate mortgage.
The average 30-yr fixed rate according to the Primary Mortgage Market Survey for the week ending May 13th was 4.93%. (Remember, this is a NATIONAL AVERAGE, our market place may vary a little.) This is the lowest level since the week ending Dec. 10th, 2009 when the national average was at 4.81%.
Mortgage interest rates do not stay at the same place forever. Is this the window of opportunity for you to purchase or refinance? Please visit www.premiermortgagepros.net to contact us for a pre-qualification.
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