Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Long-Term Mortgage Rates Hit Lows

WASHINGTON (UPI) — Average mortgage interest rates for long-term, fixed-rate loans matched record lows in the week ended Thursday, the Federal Home Loan Mortgage Corp. said.

Average rates for 30-year contracts held at 3.66 percent with 0.7 points, maintaining a record low. Thirty-year mortgage rates averaged 4.51 percent the same week of 2011.

Average rates on 15-year contracts dropped from 2.95 percent to a record 2.94 percent with 0.7 points. A year earlier, rates on 15-year contracts stood at 3.69 percent.

Five-year adjustable rate mortgages averaged 2.79 percent in the week with an average 0.6 points, up from an average of 2.77 percent in the previous week.

Five-year adjustable rate loans averaged 3.22 percent a year earlier.

Average rates on one-year treasury-indexed adjustable mortgages were unchanged at 2.74 percent with an average 0.4 points during the week.

Interest rates for one-year loans averaged 2.97 percent in the same week of 2011.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Long-Term Mortgage Rates Hit Lows”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.