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Home · Property Management · Financing : Mortgage Rates Hit 50-Year Low

dollar signThe 30-year fixed rate mortgage rate dropped to 4.15 percent, breaking the previous record low set in November 11, 2010, according to a report just released by Freddie Mac.

That’s down from last week’s 4.32 percent, and the lowest rate in over 50 years.

15-year fixed rate mortgages this week averaged 3.36 percent with an average 0.6 points, down from last week when it averaged 3.50 percent.

5-year Treasury-indexed hybrid adjustable-rate mortgages averaged 3.08 percent this week, with an average 0.5 points, down from last week when it averaged 3.13 percent, and 1-year Treasury-indexed ARM averaged 2.86 percent this week with an average 0.6 point, down from last week when it averaged 2.89 percent.

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American Apartment Owners Association offers discounts on products and services for landlords related to your rental housing investment, including rental forms, tenant debt collection, tenant background checks, insurance and financing. Find out more at www.joinaaoa.org.

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