Go Back   SZONE.US Forums > Current Events > News > Personal Liberty

Personal Liberty Bob Livingston provides you with a conservative, Christian view on life. Helping you live free in an unfree world. Delivering news on improving you health, boosting your wealth, and protecting your civil liberties."

Personal Liberty

Mortgage Rates Slide Slightly In Week

Thread Tools Search this Thread Rate Thread
Unread 11.01.12, 07:39 PM
@PersonalLiberty @PersonalLiberty is offline
Senior Member
Join Date: 05.09
Posts: 21,844
Mortgage Rates Slide Slightly In Week

11.01.12 12:38 PM

WASHINGTON (UPI) — Fixed mortgage rates on long-term loans in the United States fell modestly in the week that ended Thursday, the Federal Home Loan Mortgage Corp. said.

The average 30-year fixed mortgage interest rate fell from 3.41 percent to 3.39 percent with an average 0.7 points, Freddie Mac said.

A year earlier, interest rates for 30-year, fixed-rate loans were at 4 percent.

For 15-year loans, interest rates fell from 2.72 percent to 2.7 percent with an average 0.7 points. A year ago, 15-year loan rates averaged 3.31 percent.

Average interest rates for five-year adjustable-rate mortgages were down from 2.75 percent to 2.74 percent with 0.6 point. In the same week of 2011, rates for five-year ARM contracts stood at 2.96 percent.

The average interest rate for one-year ARM contracts fell from 2.59 percent to 2.58 in the week with 0.4 points.

Rates a year ago for one-year ARM contracts averaged 2.88 percent.

Low inflation and a growing economy allowed interest rates to fall slightly in the week, said Freddie Mac vice president and Chief Economist Frank Nothaft in a statement.

Reply With Quote
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Rate This Thread
Rate This Thread:

All times are GMT -8. The time now is 09:27 AM.

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Copyright 2007 - 20017 SZONE.US All rights reserved