So, now that we’ve decided not to move, I’d been eying a refinance all along, but at the time we made our decision, rates had increased too much for it to make sense (thanks to QE2, rates actually rose following the announcement, huh?). Anyway, in the face of continuing poor economic numbers, a rising unemployment rate and now hints of a QE3, mortgage rates have continued to follow the yield on the 10-Year Treasury down, down, down.
National averages as of this week’s report are:
- 30-year fixed loan declined to 4.49%
- 15-year rate loan declined to 3.68%
Here’s a table with the best rates in your area; click through to confirm if they have your locale right if it seems too good to be true.