Interest Rates On Long-Term Mortgages Hit Two-year Low

Date December 6, 2007

Interest rates on 30-year fixed-rate mortgages averaged 6.10 percent for the week ending Nov. 29, down from 6.20 the prior week, and 6.14 a year ago, according to Freddie Mac’s Primary Mortgage Market Survey®. Rates have not been lower since they averaged 6.03 percent in October,2005.
"Interest rates for U.S. Treasury securities have been drifting lower [...]

Posted in All Things San Diego, Lending, Local Business, Real Estate Comments No Comments »