The Law Office of Michael E. Ripley

Exceeding Expectations

Long-Term Mortgage Interest Rates Close to All Time Low

 

There has been no change for long term mortgages in the U.S recently, according to the San Diego Union Tribune Newspaper (August 26, 2016). Instead, the average for the benchmark 30 year fixed rate martgage is 3.43%, as compared to 3.8.4% a year ago. The rate is now close to its all time low of 3.31%, the rate from November, 2012.