The 30-year fixed rate increases to 5.41%.....This is the national average for a 30 year fixed rate according to Freddie MAc rate survey. Fortunately lower rates can be found here but overall rates ticked up this week. It looks to me like we are hitting bottom near 5%. That is one man's opinion but there is lot's of resistance there. FNMA needs another multi -billion bailout so they won't be much help in lower rates!
If you can get 5% 0 points it may be time to strike!
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