Mortgage rates plummeted last week… er, sorry. I mean "mortgage rates dropped slightly last week." Either way, average mortgage rates in the country were down a bit — the first drop in six weeks.
30-year fixed went from 3.98 percent to 3.93 percent (with 0.8 point; I’m still trying to find out how typical 0.8 point is.)
15-year fixed went from 3.10 percent to 3.04 percent (with an average 0.7 point).
Why bother sharing this? We haven’t talked about mortgage rates in a while, is all. They’re still amazingly low, but have been inching up.