Rate on New Home Loans Stays Just Above 4 Percent

Contr Rate Sep14

Earlier today, the Federal Housing Finance Agency (FHFA) reported that mortgage interest rates declined in September.  That was true as well for the subset of mortgages used to purchase newly built homes, but the changes were very small.  On conventional mortgages for new homes, the average contract interest rate edged down by just 2 basis points, to 4.11 percent. Meanwhile, the average… Read More ›

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