+1 (216) 269 3272 Pierre@profilenewsohio.com

U.S. mortgage rates seesaw back down

by Jun 1, 2021Local News0 comments

U.S. mortgage rates dropped this this week again dipping below the 3% mark, according to Freddie Mac. The 30-year fixed mortgage rate averaged 2.95% for the week ending May 27 — down from 3% last week. More than two months ago, mortgage rates hit 2.65%, which was the lowest since tracking began in 1971. A year ago, mortgage rates stood at 3.15%.

Low mortgage rates help propel U.S. home sales and the refinance market.

“Mortgage rates are down below three percent, continuing to offer many homeowners the potential to refinance and increase their monthly cash flow,” said Sam Khater, Freddie Mac’s chief economist. “In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually. Substantial opportunity continues to exist today, as nearly $2 trillion in conforming mortgages have the ability to refinance and reduce their interest rate by at least half a percentage point.”

FTC

On Tuesday, Sep 24th, the FTC along with Ethnic Media Services,many local media and ethnic Journalists, FBI, Legal Aid, experts from several agencies for a robust and informative session. How to Protect Yourself A great resource to learn about avoiding scams is...

Test post

Israel's interior ministry says it has deported a Palestinian-French human rights lawyer after accusing him of security threats. Salah Hamouri, 37, was escorted onto a flight to France by police early on Sunday morning, the ministry said. A lifelong resident of...

Our Businesses

Businesses We Endorse

Submit your event

We will be happy to share your events. Please email us the details and pictures at publish@profilenewsohio.com 

Address

P.O. Box: 311001 Independance, Ohio, 44131

Call Us

+1 (216) 269 3272

Email Us

Publish@profilenewsohio.com