Mortgage Rates Continue To Slide

In: Mortgage News

25 Aug 2010

Rates:

1yr 2.44% (0.00%)
2yr 3.09%% (+ 0.05%)
3yr 2.90% (- 0.54%)
4yr 3.79% (0.00%)
5yr 3.69% (- 0.10%)
3yr variable closed (Prime – .75%) = 2.00%
5yr variable closed (Prime – .65%) = 2.10%

Although we still experience a decline in mortgage rates be prepared for the prime rate to go higher before the end of the year.

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