30 Year Mortgage Low, The average interest rate on the 30-year fixed-rate mortgage isn't budging from its record low, holding at 3.87 percent for the third week in a row, according to Freddie Mac's weekly survey of mortgage rates.
The mortgage also averaged 3.87 percent in last week's survey, and averaged five percent a year ago.
Rates on 15-year fixed-rate mortgages averaged 3.16 percent for the week ending Feb. 16, also unchanged from last week, and down from 4.27 percent a year ago.
The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.82 percent this week, down from 2.83 percent last week and 3.87 percent a year ago.
But one-year Treasury-indexed ARMs averaged 2.84 percent, rising from 2.78 percent last week. The ARM averaged 3.39 percent a year ago.
"Fixed mortgage rates were unchanged this week amid mixed confidence measures," said Frank Nothaft, vice president and chief economist of Freddie Mac, in a statement.
Source:http://www.myfoxdetroit.com/dpps/money/30-year-mortgage-holds-at-record-low-dpgonc-20120216-fc_17995004
Subscribe To
Posts
Comments
