Following seven consecutive weeks of increases, benchmark mortgage rates have dipped. And that will give homeowners and home buyers a chance to lock in lower rates — but the opportunity isn’t guaranteed to last very long.
The 30-year fixed-rate mortgage averaged 3.13% for the week ending April 8, down five basis points from the previous week, Freddie Mac FMCC,
The 15-year fixed-rate mortgage, meanwhile, fell three basis points to an average of 2.42%. The 5-year Treasury-indexed adjustable-rate mortgage averaged 2.92%, up eight basis points from the previous week.
The decline in mortgage rates
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