Mortgage Rates Rise, Near 5%
MSNBC reported yesterday that mortgage rates have risen for the second week, but still remain below five percent. According to Freddie Mac, the average fixed rate on a 30 year mortgage is at 4.94% this week, up from 4.81% last week, and up from the record low 4.71% on December 3rd.
The average rate on a 15 year fixed mortgage also rose, to 4.38% this week from 4.32% last week. Average rates on 5 year adjustable rate mortgages rose to 4.37 percent, up from 4.26 percent last week. Rates on 1 year adjustable-rate mortgages rose to 4.34 percent from 4.24 percent.
Tags: adjustable, fixed, freddie mac, mortage rates, record low mortgage rates
This entry was posted on Friday, December 18th, 2009 at 9:11 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
December 18th, 2009 at 10:38 am
Christine Hynes says:Yes, I have been watching them…still great rates though!!
December 18th, 2009 at 12:23 pm
Bob Prevelige says:If you watch the mainstream news rather than talk with a local professional, you’ll miss the true timing of things. It’s like driving while looking in the rearview mirror. Rates improved dramtically yesterday. Let’s get selling!