Mortgage Rates: Brexit or No, Borrowing is Cheap |
| June 24, 2016 | June 2016 Bond Updates |
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Mortgage rates were little changed, averaging 3.56 percent from from 3.54 percent a week earlier. A year ago, a 30-year, fixed-rate home loan was 4.02 percent, according to Freddie Mac.
It can’t be said enough — home loans are really cheap. Mortgage rates briefly ticked above 4 percent at the end of December but otherwise have been in the 3 percent range for almost a year.
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| View more at: http://www.forbes.com/sites/redfin/2016/06/23/mortgage-rates-brexit-or-no-borrowing-is-cheap/ |
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