Mortgage Rates Hit Lowest Level in Over a Year

With mortgage rates continuing to decline–to their lowest point in over a year this week–refinance activity enters its sixth week at a high pace. According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday, the average 30-year fixed-rate mortgage (FRM) slid another eight basis points this week to 6.19% from last…

The post Mortgage Rates Hit Lowest Level in Over a Year appeared first on RISMedia.

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