Mortgage rates under 4%

Mortgage rates dropped to 3.99% for a 30-year fixed loan this week.  Rates for a 15-year fixed are down to 3.27%.

These rates are appealing, even to last year’s low rates.  The average 30 year fixed rate from a year ago was 4.61%.  What does that mean for your wallet?

You’d be paying $143 less per month on a $400,000 loan with 4% interest, than the same loan with 4.61% interest (both 30 yr. fixed loans).

For more on the latest rate cha

http://www.housingwire.com/2011/12/08/mortgage-rates-dip-below-4-%e2%80%94-again?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29&utm_content=Google+Reader