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By: Ed Ferrara. FreeRateUpdate.com LLC Contributing Writer. August 25th 2009: 12:10 PM PST Today's research of wholesale lender's current mortgage rates shows borrowing costs for a 30 year fixed mortgage rate of 5 percent reduced 1/4 point today compared to yesterday. On a loan amount of $300,000 that's a $750 savings on closing fees.
The benchmark 10 year treasury yield which drives...
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Reactions to Current Mortgage Rates: Borrowing Costs and Mortgage Rates Reduced. Yield Approaches 2 Month Low.
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