Mortgage Rates Fall This Week
Average interest on long-term mortgages went down slightly this week, after rising in the four previous weeks. Freddie Mac reports that 30-year fixed mortgage rates averaged 5.09 percent, down from 5.14 percent a week ago, but higher than the 5.01 percent it reached this time last year.
Other mortgage rates performed as follows:
- 15-year, fixed loans fell 0.4 percent to 4.5 percent.
- Five-year adjustable-rate mortgages stayed flat.
- One-year ARMs declined 0.03 percent to 4.31 percent.
Source: Chicago Sun-Times, Francine Knowles (01/08/10) via [Realtor.org]
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2 Responses to “Mortgage Rates Fall This Week”
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From what I hear through 2010 it is expected that the rates will rise. I doubt they can get that much lower so people looking to take advantage of these low rates should jump on them.
Do you guys offer your real estate mapping service in Nashville?