The average rate of a 30-year fixed-rate mortgage has fallen to 3.49 percent, down 1.05 percentage points from last year. According to Freddie Mac’s chief economist, that means $4 trillion worth of debt could benefit from refinancing.
The average rate of a 30-year fixed-rate mortgage has fallen to 3.49 percent, down 1.05 percentage points from last year. According to Freddie Mac’s chief economist, that means $4 trillion worth of debt could benefit from refinancing.