Mortgage rates have moved lower again, opening another window for anyone looking to lock in a 30-year loan in the mid-4 percent range.
Freddie Mac’s widely watched weekly survey of lender offering rates showed the 30-year fixed rate dropping to 4.76 percent from 4.88 percent a week earlier. Â Mortgage professionals saw even better deals for highly qualified borrowers.
The 15-year fixed mortgage dropped to 3.97 percent from 4.15 percent, the survey showed. Â Its lowest level since December.
Borrowers would have paid lenders and average of 0.7 percent of th loan amount to obtain the fixed rates.
Compiled from wire reports-Los Angeles 2011