According to the LendingTree (TREE), average mortgage rates continued to fall in November. Average home loan rates were 4.26% for 30-year fixed mortgages, 3.67% for 15-year fixed mortgages and 3.24% for 5/1 adjustable rate mortgages.
Doug Lebda, CEO of LendingTree, commented:
“As rates continue to drop, borrowers who are educated on how to find the lowest rates will be the ones that save the most. Rate volatility and new regulations mean that rates and fees vary from lender to lender as they adjust to market conditions at different speeds. When you can leverage multiple offers, borrowers can negotiate the best combination of rate, points and fees.”
Snapshot of the lowest mortgage rates for a 30-year fixed mortgages offered by lenders on the LendingTree network:
To make long story short: put on watch bank stocks this week.
11115 Rushmore Drive
Charlotte, NC 28277
LendingTree, LLC is the nation’s leading online lender exchange and personal finance resource, helping consumers take charge of all their financial decisions, from budgeting to money management to mortgages to credit cards and more. LendingTree provides a marketplace that connects consumers with multiple lenders that compete for their business, as well as an array of online tools to aid consumers in their financial decisions.