Green Touch Builders | Playing the waiting game on mortgage rates? You’re still winning
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February 5, 2015 By SEO Admin

Playing the waiting game on mortgage rates? You’re still winning

Long-term borrowing costs fell this week, with the average rate on a 30-year fixed-rate mortgage heading toward historical lows.

Freddie Mac (OTC: FMCC) says the average rate on a 30-year fix was 3.59 percent in the week ending Feb. 5, down from 3.66 percent last week. A year ago, 30-year rates averaged 4.32 percent.

A 15-year fix averaged 2.92 percent this week, down from 2.98 percent. A one-year adjustable-rate averaged 2.39 percent, up form 2.38 percent.

“Mortgage rates fell this week following…

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