Mortgage Rates Finally Slide Downward.
Freddie Mac reported last Thursday that
the 30-year fixed-rate mortgage averaged 4.83% in the Nov.1 week, down 3 basis points. The 15-year fixed-rate mortgage averaged 4.23%, down from 4.29%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 4.04%, a 10-basis point drop. This is good news for buyers.