The best deals on home loans are considerably better than they were last summer.
The lowest interest rates for a 30-year, fixed-rate mortgage ranged from 5.125% to 4.625% in the cities we just surveyed.
That’s a little better than in August survey, a noticeable improvement over July and way better than in June.
Anyone shopping for a home loan can use these results to judge the deals they’re being offered. And with the average cost of a traditional mortgage a full-point lower than the past three Septembers, this remains a very good time to buy or refinance a home.
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