Mortgage Rates Hold Steady In Week
October 27, 2011 by UPI - United Press International, Inc.
WASHINGTON, Oct. 27 (UPI) — Long-term mortgage rates were little changed in the week ending Thursday, the U.S. Federal Home Loan Mortgage Corp. said.
Freddie Mac said the average interest rates for 30-year, fixed-rate loans fell from 4.11 percent to 4.10 percent with an average of 0.8 points for the week.
Rates have changed little in two weeks. Prior to last week, 30-year fixed rate loans averaged 4.12 percent interest.
A year earlier during the same week of the year, interest rates averaged 4.23 percent.
For 15-year loans, the rate was unchanged from a week earlier at 3.38 percent to 3.37 percent with 0.7 points.
A year earlier, 15-year, fixed-rate mortgages averaged 3.66 percent.
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