After already falling for two days, 30-year mortgage rates plummeted Thursday, shedding another two-tenths of a point. That drops the 30-year average to 7.92%, its cheapest level since September. Rates were down by double-digit basis points for almost every other loan type as well.
Since rates vary widely across lenders, it’s always smart to shop around for and compare rates regularly, no matter what type of loan you’re seeking.
| Loan Type | New Purchase | Refinance |
| 30-Year Fixed | 7.92% | 8.20% |
| FHA 30-Year Fixed | 7.66% | 7.96% |
| Jumbo 30-Year Fixed | 7.19% | 7.19% |
| 15-Year Fixed | 7.28% | 7.45% |
| 5/6 ARM | 7.79% | 7.87% |
MSN
Discover more from Real Estate Matters in Charleston SC - Gena Glaze
Subscribe to get the latest posts sent to your email.
Real Estate Matters in Charleston SC - Gena Glaze 