30-year Mortgage Rates Drop Slightly

by anney on September 11, 2009 · 0 comments

in Interest rates, Mortgage Basics, Mortgage News, loans, mortgage rates, real estate

Mortgage company Freddie Mac said that this week the average rate for a 30-year fixed mortgage was 5.07% , which has fall from 5.08% a week earlier.

 mortgage rates

The average rate on a 15-year fixed-rate mortgage has sink to 4.5% from 4.54% last week.

Five-year adjustable-rate mortgages averaged 4.51%, which has fell from 4.59%. One-year adjustable-rate mortgages rose from 4.62% to 4.64%.

Add-on fees is not included in the rates that is known as points. For 30-year and 15-year loans the nationwide fee for loans in Freddie Mac’s survey averaged 0.7 of a point, for five-year loans 0.5 of a point  and for one-year loans 0.6 of a point.

 
 
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