Freddie Mac reports loan rates hit a new low. 15-year fixed rate loans are under 4%
Palm Coast, FL – August 6, 2010 – Freddie Mac reported that the interest rate on 30-year fixed loans hit a record low of 4.49 percent last week. The rate was 5.22 percent a year ago. Other numbers in the report are:
Mortgage Interest Rates
5-year ARM 3.63 percent
1-year ARM 3.55 percent
Reportedly, rates continue to drop. Next week’s report from Freddie Mac will likely report more record lows.
Don "Toby" Tobin is a licensed real estate professional affiliated with Grand Living Realty. Toby is a member of the Flagler County Association of Realtors®, the Florida Association of Realtors, Enterprise Flagler, Flagler Home Builders Association, and the National Association of Realtors.
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