In mortgage rate news, The Dough Roller is reporting that, “Just when you think mortgage rates can’t get any lower, they continue falling. As the Wall Street Journal reported today, mortgage rates have hit their lowest level in years.” – Mortgage Rates Fall Again–Is it Time to Buy or Refinance? – The Dough Roller.
For the week ending on Thursday, May 20, 2010:
- 30 year fixed-rate mortgages averaged 4.84% and
- 15 year fixed-rate mortgages averaged 4.24%.
That means this is a great time to get a mortgage, whether you are buying a new home or refinancing your current home!