Fixed rates on home loans re­main un­changed

Los Angeles Times - - Business - Scott Reckard scott.reckard@latimes.com

In­ter­est rates for fixe­drate home loans were un­changed for solid bor­row­ers dur­ing the week that ended Wed­nes­day, ac­cord­ing to mort­gage fi­nance gi­ant Fred­die Mac.

But other sur­veys are show­ing that rates are de­clin­ing again and hit­ting all­time lows.

Fred­die Mac said Thurs­day that its na­tional sur­vey showed len­ders of­fer­ing non-jumbo loans at an av­er­age 4.37% for a 30-year fixed mort­gage and 3.82% for a 15year fixed loan, iden­ti­cal to the rates in the pre­vi­ous week’s sur­vey.

The bor­row­ers would have paid 0.7% of the loan amount to the len­ders in up­front orig­i­na­tion fees and dis­count points, Fred­die Mac said.

An­other take on home loans comes in a Bankrate .com re­port say­ing the rates of­fered by len­ders have dropped to the low­est level since its sur­vey be­gan in 1985. Bankrate sur­veys large len­ders in 10 ma­jor mar­kets and re­ports typ­i­cal rates be­ing of­fered to bor­row­ers with solid credit and 20% down pay­ments or home eq­uity. How­ever, the len­ders in that sur­vey are quot­ing rates for bor­row­ers who pay less in up­front fees — 0.35% of the loan amount.

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