Posts Tagged

real estate

It’s much cheaper to buy than to rent

August 2, 2016

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Mortgage rates are still low

August 2, 2016
sticky
Buyer market in Miami

The benchmark 30-year mortgage rate is at new low for the year, touching its lowest level since last November.

Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate mortgages fell to 3.86 percent from 3.89 percent last week. It was the fourth straight weekly decline for the key rate, bringing it to its lowest level since Nov. 10, 2016.

A year ago, the rate stood at 3.43 percent. It averaged 3.65 percent for all of last year.

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