What's Ahead For Mortgage Rates This Week : December 10, 2012
Posted by Bill Mann on
Mortgage bonds worsened last week as Fiscal Cliff talks moved closer to resolution and as the U.S. economy showed continued signs of growth.
Conforming mortgage rates in Delaware rose slightly, edging off the all-time lows late in November.
According to Freddie Mac's weekly mortgage rate survey, the average 30-year fixed rate conforming mortgage rate was 3.34% last week for home buyers and refinancing households willing to pay 0.7 discount points at closing plus a full set of closing costs.
Freddie Mac also showed the 15-year fixed rate mortgage averaging 2.67% with an accompanying 0.7 discount points plus closing costs.
1 discount point is equal to 1 percent of your loan size.
The two big stories that moved rates worse last week were the Fiscal…
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