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Moneywise

US average rate on 30-year loan falls to 4.31 pct.

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  • Morgan Duel Taylorsville, UT
    July 27, 2013 9:03 a.m.

    What a ripoff. The rate went up to 4.5 and probably slowed borrowing so the rate goes to 4.3 people begin to feel better and apply and the banks drag their feet and then make the loan when the rate goes to 5.0. I locked a loan in at 3.2 and the loan company drug out the process past the lock and got what they wanted. Course the builder tied up the issue causing the loss of thousands if you back out.