Mortgage rates have been dropping lately. According to this post by Kathyrn Vasel at CNN Money, average interest rates are in their 4th straight week of decline. If you are looking to buy a home, now is the time to get pre-approved for a mortgage and lock in these low rates! Read the entire article for more:
The 30-year mortgage rate fell to 3.79%, the fourth straight week of declines, according to Freddie Mac. A year ago, the rate averaged 3.66%.
The rate on a 15-year fixed mortgage also dropped to 3.07%.
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