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Mortgage Rates Drop

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Freddie Mac reports the following national averages with mortgage rates for the week ending March 26:

•30-year fixed-rate mortgages: averaged 3.69 percent, with an average 0.6 point, dropping from last week’s 3.78 percent average. Last year at this time, 30-year fixed-rates averaged 4.40 percent.

•15-year fixed-rate mortgages: averaged 2.97 percent, with an average 0.6 point, dropping from last week’s 3.06 percent average. A year ago, 15-rates averaged 3.42 percent.

It’s time to borrow inexpensive money, give me a call.dollar sign

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