The FHFA Index rate was at 4.12% for purchase loans of previously occupied homes closed in late March, a decrease of 15 basis points from 4.27% from the previous month.
Rates for all mortgages was 4.12%, a drop of 13 basis points from 4.25% in February.
Conventional mortgage rates for the 30-year-fixed loans was 4.24%, down 17 basis points from 4.41 the previous month.
Rates in March for all home loans were 4.25%, a decrease of 13 basis points from 4.38% in February.
Loan amounts for all mortgages in March averaged $312,700, an increase of $11,100 from $301,600 the previous month.
I’m LoanSafe.org’s mortgage expert and a senior loan officer with Prime Lending. If you need a live rate quote, or need help getting a new mortgage, please call me direct anytime at 619-379-8999.