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Friday, April 23, 2010

30-Year Rate Just Over 5 Percent

From Daily Real Estate News April 23, 2010

The 30-year fixed mortgage rate stayed flat this week, averaging 5.07 percent to remain near historically low levels, reported Freddie Mac.

Here’s how other rates performed:

• 15-year fixed loans fell to 4.39 percent from 4.4 percent last week.
• Five-year hybrid adjustable-rate mortgage averaged 4.03 percent, down from 4.08 percent.
• One-year ARMs rose to 4.22 percent from 4.13 percent last week.

Source: Wall Street Journal, Nathan Becker (04/23/10)
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