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Jaimee Brosko's Blog

By Jaimee Brosko-Smith | Agent in Delaware County, PA

Record Lows Continue for Mortgage Rates

I have been trying to figure out why buyers are so hesitant to buy when the rates are so low.  What a great time to buy!

The 30-year fixed mortgage rate fell to a new low of 4.54 percent this week from 4.56 percent last week and an average of 5.25 percent a year ago.

The 15-year fixed loan rate also hit a record low of 4 percent, down from 4.03 percent a week ago and 4.69 percent last year. The five-year adjustable-rate mortgage averaged 3.76 percent, compared to 3.79 percent last week and 4.75 percent a year earlier; and one-year ARMs averaged 3.64 percent, down from 3.7 percent and 4.80 percent, respectively.

For more information on the low interest rates or steps to purchase a home contact me today!

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