Mortgage News

Mortgage Rates Trend Lower

February 7th, 2013

The weekly averages for 15 year fixed-rate (2.77%), 5 year adjustable-rate (2.63%) and 1 year adjustable-rate (2.53%) mortgages all dropped on the weekly report ending February 7, 2013.  The 30 year fixed-rate mortgage average remained unchanged at 3.53%.  This continues a trend of continually lower average interest rates during the past twelve months.

 

Chart Source:  Freddie Mac Primary Mortgage Market Survey (U.S. Weekly Averages)

Tidewater Home Funding

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(www.nmlsconsumeraccess.org).
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Licensed in Virginia, North Carolina & Florida.

VSCC Bureau of Financial Institutions, P.O. Box 640, Richmond VA 23218-0640, (1-800-552-7945) www.scc.virginia.gov/bfi

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