Freddie Mac Reports Mortgage Rates Drop for 3rd Straight Week!

Freddie Mac Reports Mortgage Rates Drop for 3rd Straight Week!

Great news for home buyers or those waiting to refinance. Mortgage rates are down and now is the time to take advantage of a lower payment! The Wall Street Journal reported this week on Freddie Mac’s weekly survey of mortgage rates, showing rates in a decline for the third straight week.  Here’s a bit from the article: “Mortgage rates eased again last week, with long-term rates continuing their decline from the current-year high set three weeks ago, according to Freddie Mac’s (FMCC) weekly survey. Rates had seen a recent rise, hitting their highest level since April last month. They had slumped most of last year as Treasurys had declined amid economic uncertainty. The rates generally track the yields, which move inversely to Treasury prices.” Read the full article on the Wall street Journal blog. If you’re one of the people waiting for rates to come back down, your day has come. Act now or you might be sorry!

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