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Friday, June 4, 2010

15-Year Mortgage Hits a Record Low

From Daily Real Estate News, June 4, 2010

Interest on 30-year fixed home loans averaged 4.79 percent this week -- up slightly from 4.78 percent a week ago but still near historic lows.

The average rate on 15-year fixed loans hit a record low of 4.2 percent, down from 4.21 percent; while interest on one-year adjustable-rate mortgages was unchanged at 3.95 percent, and the five-year ARM fell to 3.94 percent from 3.97 percent.

Source: Wall Street Journal (06/04/10)
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