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You are here: Home / Real Estate / Mortgage Interest Rates Remain Low

Mortgage Interest Rates Remain Low

April 20, 2015 By Geoffrey Disch Leave a Comment

Weak employment data in combination with positive statements by the Federal Reserve Board concerning possible future hikes have brought down rates once again. According to a new report by Freddie Mac, mortgage rates have declined approximately one-half of one percent on a 30-year fixed load from mid-September 2014 through early April 2015.

This amounts to a homeowner savings of $1500 per year on a $300,000 mortgage and $45,000 over the life of the loan.

In fact, Black Knight Financial Services estimates that 7.1 million Americans could benefit by refinancing in light of the current rates.

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Filed Under: Real Estate Tagged With: mortgage interest rates

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