The Rates of US mortgages fall.
Written by JDPGlobal | Tuesday, 20 September 2005
Rates for the U.S. mortgage market have fallen. The average rate on a thirty-year U.S. mortgage, which doesn't have any upfront points has fallen. It has slumped to 1/8 of a percentage point to a rate of 5-3/4, as per BestInfo.
The rates on the thirty-year U.S. mortgage fell recently. The scene of the mortgage market is not looking good. There are reports of the mortgage market going down. If the mortgage market continues to go the same way as it has been going, then the rates might remain the same. This is an issue of some concen to bankers and lenders.
The 30-year mortgage rate, which has one upfront point, fell to 5-1/2 per cent, dropping by 1/8 of a percentage point.
BestInfo exclusively provides Reuters with the Mortgage Point Monitor. The company was formerly known as BestRates Inc., It is based in Dover, Vermont and it is the provider of mortgage market analysis.
