Think you have a good mortgage rate - think again!
Eugen G Tarnow September 15 2015 04:08:06 PM
By Eugen Tarnow, Ph.D.Avalon Business Systems, Inc.
http://AvalonAnalytics.com
Fannie Mae publishes data on the mortgages they get. There is a delay of more than a year so the latest complete file is from 2013.
This is what the distribution of a 1% sample of thirty year mortgage rates looks like:
The most common mortgage rate is 3.68% but there are people who were able to get a 3.06% rate!
Think you got a good deal? Think again! (Unless, of course, the low interest loans had points paid up-front)
We at Avalon can assist with your statistics needs. We use SPSS Modeler, Python and R to get the results.
Call us at 201 773-8915 to get a quote.
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