Mortgage rates fell last week bringing about a bit of hopefulness for Gig Harbor real estate . Down from 6.67 percent, rates on a 30-year fixed rate mortgage are presently at 6.62 percent, based on information from mortgage giant, Freddie Mac. Though the rate is still a whole percentage point more than what it was this past year, it is the second rate drop in the previous 11 weeks.
Rates on 15-year, fixed-rate mortgages, along with one-year and five-year ARM mortgages dropped this week too. Interest rates still need to be watched, even with lower mortgage rates and a leveled Gig Harbor real estate market.
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