Bankrate.com Notes Additional Fall In Mortgage Rates
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Bankrate.com reported that mortgage rates ended 2008 on a downswing, with the average 30-year fixed mortgage rate falling to 5.64%. They said the average 30-year fixed mortgage has an average of 0.39 discount and origination points.
The average 15-year fixed rate mortgage dropped to 5.16 percent, while the average jumbo 30-year fixed rate slumped to 7.14 percent. Adjustable rate mortgages moved lower as well, with the average 1-year ARM dipping to 5.97 percent and the average 5/1 ARM pulling back to 5.86 percent.
The average 15-year fixed rate mortgage dropped to 5.16 percent, while the average jumbo 30-year fixed rate slumped to 7.14 percent. Adjustable rate mortgages moved lower as well, with the average 1-year ARM dipping to 5.97 percent and the average 5/1 ARM pulling back to 5.86 percent.
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