Mortgage Rates Are Down


Mortgage rates have hit an all-time low.
That's coming from a weekly mortgage market survey from Freddie Mac.
The new numbers show the rate for a 30-year, fixed-rate loan dropped to 3-point-62 percent.
The 15-year fixed rate fell to 2-point-89 percent, that means if you're looking to take out a home loan for 200-thousand-dollars, your mortgage payment will run you an estimated $911.00 a month.
Just a year ago, the same loan would have cost about 100 dollars more a month.
Economists say a drop in consumer spending may be contributing to the falling rates.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 161499935 -
Gray Television, Inc.