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Mortgage rates dropped to their lowest level since April with the average fixed-rate mortgages dropping to an average of 5.64% for the week ending Oct. 28 according to the weekly Freddie Mac survey. 15-year fixed-rate mortgages also declined reaching an average of 5.01%. The nationwide mortgage rate averages don't include points (fees that are added on to get the mortgage) with both the 30-year and 15-year mortgages averaging a 0.7 point fee.
15-year fixed rate mortgages tend to be popular with those <A HREF="http://www.savingadvice.com/forums/showthread.php?t=31">refinancing their home mortgage</A> to save money and with rates still low, it likely makes financial sense to refinance if you haven't done so in the past couple of years.
15-year fixed rate mortgages tend to be popular with those <A HREF="http://www.savingadvice.com/forums/showthread.php?t=31">refinancing their home mortgage</A> to save money and with rates still low, it likely makes financial sense to refinance if you haven't done so in the past couple of years.