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ABOUT LAUREN HOLLERAN

Lauren has experience helping her clients buy and sell homes in historic Cambridge, Massachusetts.  She is part of the Hammond team, and the Hammond office is located in the middle of Harvard Square. You can learn more about Lauren here.

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Friday
Nov212008

Mortgage Rates Drop This Week

Freddie Mac reports a drop in the 30-year fixed mortgage rate to 6.04 percent during the week ended Nov. 20. The 30-year loan rates were 6.14 percent the prior week.

During the same period, interest on 15-year fixed loans slipped to 5.73 percent from 5.81 percent.

Five-year and one-year ARMs declined as well, down to 5.87 percent from 5.98 percent and to 5.29 percent from 5.33 percent, respectively.

Source: Los Angeles Times (11/21/08) 

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