Inman News
Mortgage rates:
Federal Housing Finance Agency’s March 2016 mortgage interest rates:
The national average contract mortgage rate for previously occupied homes by combined lenders decreased 15 basis points from February 2016 to March 2016.
The average interest rate on all mortgage loans was 3.76 percent, down from 3.89 in February.
The average loan amount was $325,000 in March, up $8,300 from $316,700 in February.