Mortgage Refinance Rates Hit 4.23% for 30 Year Fixed Home Loans According to the AP

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Orange County, CA (PRWEB) October 15, 2013

The Associated Press reported Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year-loan edged up to 4.23 percent from 4.22 percent last week. Those are the lowest averages since last July according to the AP.

These new mortgage rates on Consumer Daily can be found at: http://www.consumerdaily.org/mortgage/.

With the kinds of almost daily changes happening in 30-year fixed mortgage rates, a tool like Consumer Daily allows millions of home buyers access to an up-to-date list of today’s mortgage rates from a vast database of lenders and banks.

Consumer Daily, is the only web portal that allows users to compare only car insurance and mortgage refinance rates, and provides users with the way to retrieve the corresponding discounts. There is a wide range of companies that are able to utilize this model including insurances companies to get quotes to really great places to find local coupons.

According to the Associated Press, Mortgage rates began falling last month after the Federal Reserve held off slowing its $85-Billion-a-month bond purchases. Those are the governments way of keeping the long-term interest rates low, which also includes mortgages.

Also the U.S. Government shutdown that began this month has spurred investors to sell stocks and buy treasury bonds according to the AP. Mortgage rates tend to follow the yield on the ten-year Treasury note.

Consumer Daily, has developed a platform for consumers to take advantage of this news and wanted to share the information with people who utilize their unique mortgage comparison system.

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