The Refinance Boom is not quite over yet...
30-year fixed-rate home mortgage rates averaged 3.53% nationwide for the
third consecutive week, according to Freddie Mac's most recent Primary
Mortgage Market Survey (PMMS).
The rate requires an above-average number of discount points, however.
Prospective homeowners and refinancing households wanting access to the Freddie Mac rate are expected to pay roughly 0.8 discount points along with a complete set of closing costs.
Loans with no discount points and zero-closing costs are available. .
The Freddie Mac report also showed the average 15-year fixed-rate
mortgage rate idling at 2.77% nationwide. To lock this rate requires 0.8
discount points plus closing costs, an increase of 0.1 discount points
from the week prior.