Mortgage Rates 07-03-2018 Lender411

By Joy Green Updated on 7/3/2018

Based on new research from the National Association of Homebuilders, Millennials now make up the median age for first-time buyers. The average age documented by the NAHB is 32. However, these Millennial First Time Homebuyers are not going into the purchase alone. In NAHB's  blog, Eye on Housing, columnist Natalia Siniavskaia writes, "sharing living quarters with others is still a hallmark of the generation...its popularity is growing. This means that more than 15 million, or one in three Millennials, is sharing housing with relatives or non-related persons."

 

 

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• 30-year (FRM) rates at 4.68% (0.00%)

• 15-year (FRM) rates at 4.13% (0.00%)

• FHA 30-year Fixed rates at 4.38% (-0.01%)

• Jumbo 30-year Fixed rates at 4.66% (-0.01%)

• 5/1 ARM rates at 4.00% (-0.02%)