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Mortgage Rates Take a Slight Dip

Navi Persaud
Apr 13, 2020
Man looking at a grid with a down arrow and percent symbol.

Mortgage rates have dipped slightly over the last seven days according Bankrate. Both the 30-year and 15-year fixed-mortgages have fallen, which could mean even more activity on the refinancing side for lenders.
 
"The average rate you’ll pay for a 30-year fixed mortgage is 3.69 percent, down 10 basis points over the last seven days. A month ago, the average rate on a 30-year fixed mortgage was higher, at 4.12 percent," according to Bankrate.
 
Meanwhile, the report revealed that the average 15-year fixed-mortgage is now sitting at 3.17 percent, falling three basis points over the last seven days.
 
"Monthly payments on a 15-year fixed mortgage at that rate will cost around $699 per $100,000 borrowed," according to the report.
 

 
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