Mortgage interest rates for real estate purchases have dropped below 3.5%, good time to re-fi or purchase.  Telluride, Real Estate, Dan Henschel.

Mortgage rates dive, taking benchmark back below 3.5 percent

Rates for home loans sank below a key threshold, diverging from higher yields on Treasury notes, mortgage provider Freddie Mac said Thursday.

The 30-year fixed-rate mortgage averaged 3.47% during the week, down from 3.52%. The 15-year fixed-rate mortgage average fell just one basis point to 2.78%.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.84%, down one basis point for the week.

These rates don’t include fees associated with obtaining mortgages.  Telluride, Real Estate, Dan Henschel