US 30 Year Mortgage Back Under 5 Percent

One more minor downward notch on US 30 Year Mortgage Rates see the rate back under 5%.

US 30 Year Mortgage Back Under 5 Percent

The downward shift is due to world turmoil! The revolt upheaval in the Middle East, the riots in London, the Tsunami in Japan and topping off these select few is the Fukushima Nuclear Power Plant disaster.

By last Thursday, the average rate had edged up to 4.81%, possibly reflecting inflationary pressures, Freddie Mac’s chief economist, Frank Nothaft, said when the data were released.

‘But a word of advice the rates may have some future points to shed if chaos continues in the world!’

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