Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Mortgage Rates Drop Slightly In Week

WASHINGTON, (UPI) –  Average long-term U.S. mortgage rates held under 4 percent in the week ending Thursday, the Federal Home Loan Mortgage Corp. said.

Rates for 30-year contracts have held under 4 percent for two consecutive weeks, falling this week from 3.99 percent to 3.98 percent with 0.7 point. Thirty-year mortgage rates averaged 4.87 percent the same week of 2011.

Average rates for 15-year fixed-rate contracts fell from 3.23 percent to 3.21 percent with 0.7 point, Freddie Mac said.

In the same week of 2011, the average rate for 15-year loans stood at 4.1 percent.

Five-year adjustable rate mortgages averaged 2.86 percent for the week with an average 0.8 point, down from last week’s average rate of 2.9 percent. A year earlier, five-year adjustable rate contracts averaged 3.72 percent.

One year Treasury-indexed adjustable mortgage rates held steady at 2.78 percent with 0.6 point. A year ago, rates for these loans averaged 3.22 percent.

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 “Mortgage Rates Drop Slightly In Week”

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.