Mortgage Rates Drop to Three-Month Low
Interest rates on a long-term mortgage fell for the third consecutive week and dropped to a three-month low, but eager buyers may have trouble taking advantage of these low rates if the government shutdown drags on. The average rate on a 30-year fixed rate mortgage (FRM) sank to 4.22 percent, excluding fees, during the week ended October 3, according to Freddie Mac, down from 4.32 percent the week before and down from 3.36 percent last year at this time. The 30-year rate has not been this low Read more [...]
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