Nashville interest rates near all time low
While Freddie Mac’s weekly report on rates showed the 30-year rate dipping slightly below 5 percent, these rates did not budge in Bankrate.com’s weekly survey of large lenders.
The benchmark 30-year, fixed-rate mortgage remained unchanged at 5.35 percent, according to Bankrate.com’s national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in last week’s survey had an average total of 0.31 discount and origination points. One year ago, the mortgage index was 6.44 percent; four weeks ago, it was 5.22 percent.
The benchmark 15-year, fixed-rate mortgage dipped 2 basis points, to 4.72 percent. The benchmark 5/1 adjustable-rate mortgage remained unchanged, at 4.64 percent.
[SOURCES: Bankrate.com; Freddie Mac]
