The rate for a 15-year mortgage is at 3.54 percent from 3.59 percent last week. And the 30-year rate fell to a 5-year low to 4.5 percent from 4.57 percent last week, according a story Friday at USA Today.com
Earlier this summer with rates moving up from an all-time low of 3.31 percent in November, some buyers had thought they had missed an opportunity, Jonathan Lerner, a broker with Real Living Five Corners in Scarsdale said last month.
Lerner and other brokers were saying that the rising rates were making some buyers more aggressive in trying to close deals.
This window of opportunity, prompted by Federal Reserve reducing its bond purchases, could have a new opening for home buyers and sellers.
Throughout New York sales of existing home jumped by 1.7 percent last from the previous month, the National Association of Realtors reported Thursday.