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prima:Mortgage rates fall to lowest level in more than a year

According to the Mortgage Bankers Association, this is an automatic market correction, in anticipation of a possible cut in the reference rate in September

August 10, 2024 - 3:00 PM

In the case of mortgages granted by commercial banks operating on the island, the average 30-year conventional rate was 6.36% and, in the case of an FHA mortgage for the same term, the average interest rate was 5.67%. (Suministrada)

At a time when the demand to purchase a home in Puerto Rico continues, mortgage interest rates in the United States, as reported by financial institutions, were at their lowest level in the past 15 months, according to indicators from mortgage broker Freddie Mac, which include Puerto Rico.

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