After oscillating up and down in the first few months of the year, mortgage rates have finally dipped.
According to the Bankrate.com national survey of large lenders:
Benchmark 30-year fixed-rate mortgage fell 3 basis points to 6.13%.
Benchmark 15-year fixed-rate mortgage remained at 5.71%.
Benchmark 5/1 adjustable-rate mortgage dropped 9 basis points to 5.87%.
(A basis point is one-hundredth of 1 percentage point).
You can read more at BankRate.com.
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