Anyone who has been watching the mortgage market closely has seen a pretty constant decline in rates this month, following a small jump last month. Today, the 30 year mortgage rate national average hit 5.09% APR, the lowest it has been since it reached the same level last month on October 5th.
What Does This Mean For You?
Mortgage Rate National Averages at Lowest Point Since Early October 2009
Best Mortgages Still As Low As 5.25%
Mortgage rates are up a half-point or so from the record lows they set this spring.
But there are still some very good deals out there.
We searched the extensive database of mortgage rates on Bankrate.com and Interest.com for 10 major cities.
Here’s the lowest rate we found for what we consider to be the best [...]
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