The average rate this week on a 30-year fixed rate mortgage was at 3.99%, mortgage finance giant Freddie Mac said Thursday. That marks a fall of nearly a full percentage point from the highs of November.
Some lenders have been offering rates well below that.
Source: News Formal (newsformal.com)
Mortgage rates may have dropped but the prices in many areas are still a huge barrier making it difficult for first time home owners to enter the market. Especially with overall debt rising for younger generations.
You couldn't tell from my drive to work each morning. Trucks full of construction materials all over the place.
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