bank rates

Best Mortgage Rates Still Under 5%

Lenders are offering traditional fixed-rate mortgages for less than 5% in nine of the 10 major cities we surveyed this month.

That’s quite an improvement from July when only one Lenders are offering traditional fixed-rate mortgages for less than 5% in eight of the 10 major cities surveyed of the 10 cities we looked at had those loans available for less than 5%.

It’s nearly as good as what we found in November, when average mortgage rates plunged to record lows and loans were available for less than 5% in every single city we surveyed.

Mortgage rates have risen only slightly since then and financing a home remains incredibly cheap by any historical standard.

READ THE ENTIRE POST INCLUDING CITY-BY-CITY RESULTS.

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