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via: TheMortgageReports.com by Dan Green
Freddie Mac reports the 30-year fixed rate mortgage rate at an all-time low of 3.78% this week, down from last week's 3.79%.
The rate is available for mortgage applicants willing to pay an accompanying 0.8 discount points, plus a full set of closing costs. Last week, just 0.7 discount points were required. 1 discount point is equal to 1 percent of your loan size.
Other average mortgage rates as reported in Freddie Mac's weekly mortgage rate survey :
- 30-year fixed rate mortgage : 3.78% with 0.8 discount points
- 15-year fixed rate mortgage : 3.04% with 0.7 discount points
- 5-year adjustable rate mortgage : 2.83% with 0.6 discount points
Note that not all mortgage applicants will be eligible for Freddie Mac's published mortgage rates. The FHA Streamline Refinance use a different pricing model, as does the USDA 100% financing program and the government's HARP program for underwater mortgages.
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