Lowell Deeds

Today’s announcement by Freddie Mac marks the sixth straight week that fixed mortgage rates dropped. The average 30 year mortgage rate fell from 6.2% to 6.1%. This rate is the lowest consumers have seen since late October, 2005. Over the last six months, rates have dropped a quarter of a percent. The news is similar for fifteen year and jumbo mortgages as well. Those rates went down also. The average jumbo rate dropped to 6.3% and fifteen year rates to 5.7%. As of this writing these decreases have not had an affect on business at this registry. Interestingly enough, casual discussion with some local attorneys indicate that February will be a busier month than the past two.