Conventional Mortgage Rates Take Big Dip

30 conventional mortgage rates have taken a sharp dip over the last week according to Freddie Mac's weekly rate survey. The average rate moved from 6.13% to 5.87% during the week, with showing today's rate further improved at 5.66%. Such a move indicates that the several moves on part of the feds and regulators has indeed had a beneficial effect on liquidity. Hopefully that trend continues. At the same time, the jumbo mortgage rate is still problematic. The average rate on a jumbo loan which was at 6.4% in mid-January has risen to 7.12%. If the liquidity injection is indeed working, we should see a dramatic decrease in that rate. Such a decrease would be welcomed and beneficial to the NY Real Estate market.


  1. thanks for sharing this news for us.many have gone for mortgage rate advisor,which has been helpig all out there.


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