Mortgage Rates Dip On Signs Of Growing Economy, Low Inflation

by Categorized: Banks, Consumer Electronics (TV, Home Improvement Contractor Issues Date:

Mortgage creeped lower in the past week, with the 30-year national average at 3.39 percent, down from 3.41 the previous week, according to figures released Thursday by Freddie Mac. Fifteen-year mortgages averaged 2.70 percent, down from 2.72.
Frank Nothaft, Freddie Mac’s vice president and chief economist, attributed it to “a growing economy and low inflation. The economy grew 2 percent in the third quarter with residential fixed investment contributing 0.3 percentage points to growth.”

Here are the numbers from New England:

This week:
30-year: 3.44 percent
15-year: 2.73 percent

Last week:
30-year: 3.46 percent
15-year: 2.76 percent

A year ago
30-year: 4.01 percent
15-year: 3.31 percent

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